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End of afternoon: dead leaves facebook bar behind in final farewell

by Ruslan Burak
July 3, 2023
in Technology
1 min read
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It was the symbolic ending of Thursday afternoon after a decade of trading Under the name Facebook, the social media giant shed last Effect of The old avatar started trading Under the indicator symbol “META”, to indicate the changed path of twenty-first century social media history.

Rebranded Meta Platforms Inc. From her given name social Networking platform in October 2021, betting that the metaverse, a joint virtual world, you will succeed mobile Internet.

Mark Zuckerberg, co-founder and CEO of Meta, founded Facebook in 2004 from his dormitory at Harvard University as a way for students to meet via Internet.

Unnamed: Back then 19-year-Old student know That Facebook will become an integral part of many people’s social life, with Nearly 3 billion monthly users, expanding to popularity social media apps Instagram and Whatsapp in being.

Almost two decades onHis company pumps billions of A dollar in the metaverse, a futuristic idea of virtual environments where users can work, socialize and playadding new features For devices that work as access points.

‘Companies that change official The name and pointer usually try signal That there was a fundamental change in primary business model“Art Hogan, President market Strategist at National Securities in New York, he said.

“I’m not sure If he really makes a lot of a big difference. still call Including Google and Facebook “Hogan”. added.

dead shares It has decreased nearly 42% this year as it is battles Criticisms from lawmakers and regulators over that it market power algorithm decisions and adjust it of abuses.

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