![]() Weekend reads: Facebook goes Meta - what's in a name?ICYMI: Facebook has changed its name to Meta, and this might be a meaningful change for its shareholders. The new logo looks similar to boomerang (acquired by FB), this man is coming back like a boomerang for your data.įacebook Is Officially Changing Its Company Name To MetaThe company behind Facebook will now be named Meta as part of a corporate rebrand aimed at de-emphasizing social media and shifting focus toward augmented reality (AR) and virtual reality (VR). Investors are apparently confusing it for the rebranded Facebook. No, Not Facebook’s Meta.Canada’s Meta Materials has suddenly become a hot stock. “I’d love for the price action to be for real - but have seen this before with zoom where people buy the wrong stock …” headtopics. ![]() “Is the AH price action real, or are people buying MMAT thinking they are getting Facebook for really cheap?” one commenter wrote late Thursday on the subreddit r/MMAT. While confusion may have been a factor, it may not have been the only one: Meta Materials has recently gained popularity as a meme play with significant short interest.Įven the meme players on Reddit were befuddled. Read more: Facebook becomes Meta in rebranding seen as ‘an attempt at distraction’ The Maritime company, it should be noted, is completely separate from Meta né Facebook. That followed a nearly 5% gain in the regular session, after Facebook FB, +2.10% announced its name change. ![]() traded shares soar more than 30% in after-hours trading Thursday, before settling down to an 18% gain in the extended session. MMAT, +3.07%, a Nova Scotia–based material-science company that makes nanocomposites and other advanced engineering materials, saw its U.S. Facebook Inc.'s corporate name change to Meta landed with a thud for many Thursday, but it was good news for one Canadian company.
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