Facebook Stock Falls 6% After META Ticker Change

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The rebrand did not bring about any immediate change in fortune for the social media giant’s beleaguered stock.

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At market close on Thursday, the stock formerly known as FB fell 6.43% for the day.

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the ticker change will be unlikely to remedy the myriad issues currently facing the company:

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[{"selector":"#anim-d049f96a-5116-4c9f-b0eb-a6084c3d0c95","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5e61f290-63ed-42dd-8f6a-88104f949e36 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] In late October, CEO Mark Zuckerberg announced Facebook’s name change to Meta, a rebranding that underscored the company’s commitment to the still-nascent metaverse as the future core of its business.

Meta’s stock has fallen almost 42%.

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