{"id":35014,"date":"2022-06-10T07:48:14","date_gmt":"2022-06-10T07:48:14","guid":{"rendered":"http:\/\/nationaltimes.pk\/eng\/?p=35014"},"modified":"2022-06-10T07:48:14","modified_gmt":"2022-06-10T07:48:14","slug":"meta-unfriends-fb-ticker-in-final-farewell-to-facebook-era","status":"publish","type":"post","link":"https:\/\/nationaltimes.pk\/eng\/2022\/35014\/","title":{"rendered":"Meta unfriends FB ticker in final farewell to Facebook era"},"content":{"rendered":"<p>Web Desk (National Times)- After a decade of trading as Facebook, the social media giant is shedding the last vestige of its old corporate avatar as it begins trading under the ticker symbol &#8216;META&#8217; on Thursday.<\/p>\n<p>Meta Platforms Inc rebranded from its eponymous social networking platform in October 2021, betting that the metaverse, a shared virtual realm, will succeed mobile internet.<\/p>\n<p>Mark Zuckerberg, Meta&#8217;s co-founder and CEO, established Facebook in 2004 from his Harvard dorm as a way for students to meet via the internet.<\/p>\n<p>Little did the then 19-year-old student know that Facebook would become integral to many people&#8217;s social life, with nearly three billion monthly users, and expand to include popular social media apps Instagram and Whatsapp in its universe.<\/p>\n<p>Nearly two decades on, his company is pouring billions of dollars into the metaverse, a futuristic idea of virtual environments where users can work, socialize and play, by adding new features to hardware devices that serve as access points.<\/p>\n<p>&#8220;Companies that change their official name and ticker are usually trying to signal that there has been a fundamental change in the underlying business model,&#8221; Art Hogan, chief market strategist at National Securities in New York, said.<\/p>\n<p>&#8220;I&#8217;m not sure if it really makes much of a big difference. I still call them Google and Facebook,&#8221; Hogan added.<\/p>\n<p>Meta shares have fallen nearly 42% this year as it battles criticism from lawmakers and regulators over its market power, algorithmic decisions and its policing of abuses. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Web Desk (National Times)- After a decade of trading as Facebook, the social media giant is shedding the last vestige of its old corporate avatar as it begins trading under the ticker symbol &#8216;META&#8217; on Thursday. Meta Platforms Inc rebranded from its eponymous social networking platform in October 2021, betting that the metaverse, a shared [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-35014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-showbiz","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Meta unfriends FB ticker in final farewell to Facebook era - Nation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationaltimes.pk\/eng\/2022\/35014\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Meta unfriends FB ticker in final farewell to Facebook era - Nation\" \/>\n<meta property=\"og:description\" content=\"Web Desk (National Times)- After a decade of trading as Facebook, the social media giant is shedding the last vestige of its old corporate avatar as it begins trading under the ticker symbol &#8216;META&#8217; on Thursday. 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