Wednesday, June 1, 2022

Facebook's parent company to change stock ticker to META on June 9

The company said this is will replace the company's current ticker symbol 'FB', which has been used since its initial public offering in 2012. Reports say that the rebrand, from Facebook to Meta, is part of CEO Mark Zuckerberg's efforts to shift gears away from Facebook being known as just a social media company into plans for building the metaverse. https://ift.tt/LnGPUsF

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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...