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: ByteDance is valuing itself at about $300B as part of a recent buyback offer, one of its highest valuations ever (Wall Street Journal)

Wall Street Journal : Sources: ByteDance is valuing itself at about $300B as part of a recent buyback offer, one of its highest valuation...