Facebook parent will alter ticker to 'META'

Facebook's stock ticker will change from "FB" to "META" before the market opens on June 9.
Since its 2012 IPO, Facebook's ticker has been "FB."

When Meta Platforms' CEO Mark Zuckerberg revealed in October that the firm will be constructing the metaverse, the company intended to change the stock ticker to "MVRS" on Dec. 1.

Roundhill Investments modified its Roundhill Ball Metaverse ETF's ticker to "METV" in January.

A move to "META" as the business symbol was verified by officials during an earnings call for Meta's fourth quarter of 2021 in February. 

This change is expected to take place at the beginning of 2022.
According to Meta, there is no need for shareholders to take any action regarding the change in the ticker symbol.

The company's class A common stock will remain listed on the Nasdaq exchange.