Skip to content
Techkrest

Techkrest

Top News Blogs and Tech Magazine

  • Home
  • Business
  • Technology
  • News
  • Health
  • Apps
  • How to
  • Tips
  • Toggle search form
Facebook's Meta Rebranding Leads to Share Value Gain for Canada's Same Name Company

Facebook’s Meta Rebranding Leads to Share Value Gain for Canada’s Same Name Company

Posted on August 9, 2022 By Shubham Kansal No Comments on Facebook’s Meta Rebranding Leads to Share Value Gain for Canada’s Same Name Company

In recent days, shares of a Canadian corporation have risen dramatically in price. Surprisingly, Facebook is responsible for all of its recent success. Because of the name change, many people hurried to invest in the Canadian retailer Meta Material after it became a popular rumor that Facebook had changed its name to Meta. Investors apparently confused shares of Nova Scotia-based Meta Materials with those of the social media behemoth. After Facebook revealed its new name, shares of Meta Materials jumped 26% in after-hours trade.

In a recent announcement, Facebook stated that it would be transitioning to the name Meta. The company rebranded so that all of its platforms would be housed under the umbrella of Meta Platforms, with the goal of putting the “metaverse” first.

Facebook's Meta Rebranding Leads to Share Value Gain for Canada's Same Name Company

During the trading day, more than 12 million shares of the Canadian corporation changed hands, according to a report by CBC. According to the article, that’s considerably higher than the daily average. In a description on its website, the company claims that its technology can “transparently block a specific color of light, or invisibly heat a window in a car.”As of December 1, 2021, Facebook’s Meta Platforms will be traded under the ticker name MVRS, while Meta Materials will continue to use the MMAT symbol.

Interestingly, George Palikaras, CEO and founder of Meta Material, officially welcomed Facebook into the “metaverse” on Thursday after the company’s rebranding. The event was commemorated by a tweet from Palikaras, who expressed his gratitude for Facebook’s inclusion in the metaverse on behalf of the company.
While this is the first time a smaller company has benefited from an instance of mistaken identity, it is far from the last.

See also  Vudu.com/start activation code - Get the Step by Step Guide On How To Activate Your Vudu Account?

According to CBC, a dormant electronics company called Tweeter Home Entertainment Group noticed a rise in the share price of 1,400% in 2013 after Twitter declared its intention to go public. In the meantime, Palikaras revealed another Facebook connection by saying that the company, together with Facebook’s VR team, would be featured in an upcoming online lecture.

Technology

Post navigation

Previous Post: The Increase in Covid-19 Cases Has Caused Apple to Delay Its Return to The Office Plans
Next Post: Downloads of Nintendo Switch Games Can Be Transferred to An Sd Card with The Latest Update

More Related Articles

Best Plant Identification App Best Plant Identification App: Check Out The Surprising App List for Gardeners and Houseplant Enthusiasts! Technology
gacha life old version apk How to Download Gacha Life Old Version Apk on Pc and Android without Cost? Technology
Mangaowl What is MangaOwl? How Safe Is Mangaowl Compared to Other Manga Reading Sites? Technology
The Xbox Live Service Has Experienced Issues Three Times in A Month Now The Xbox Live Service Has Experienced Issues Three Times in A Month Now Technology
Chatville Alternatives and Similar Sites Best Chatville Alternatives & Similar Sites in 2022! Technology
According to BuzzFeed and confirmed by Business Insider, Google has banned Zoom use on company PCs. Because of "security issues," the business emailed all employees who had the Zoom app installed on their computers to inform them that the app will be disabled this week. Zoom's main rival is Google Meet, another videoconferencing tool. The company has "long maintained a policy of not allowing workers to use unapproved apps for work that are outside of our corporate network," according to a Google representative. An additional statement explained that "recently, our security team told employees using Zoom Desktop Client that it will no longer run on corporate PCs as it does not match our security standards for programmes used by employees." "Employees who have been utilising Zoom to keep in touch with loved ones at home can do so from any computer or mobile device with an internet connection." Zoom's popularity has increased as more individuals are required to work and socialise remotely; yet, the service's many security flaws have also received increased attention. Recently, a new type of cyberbullying has emerged, called "Zoom bombing," in which hackers intentionally disrupt a Zoom conference from the inside. Not only has Google banned Zoom, but so have other companies. Earlier this month, Tesla made the same decision, citing security concerns as the reason, and instructed staff to instead communicate via phone, email, and text message. Zoom Is Banned by Google for Its Employees Due to Security Concerns Technology

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Posts

  • Crack Streams: Is It Legal and Safe to Use? Check This Out!
  • Google and Taito’s Augmented Reality Space Invaders Game Is Now Available on Android and iOS!
  • How to Fix: Mac Won’t Show Battery Icon?
  • How to Get Sophos to Work on a Mac?
  • FTC Reasons Why Microsoft’s Plan to Buy Activision Should Be Stopped!

Categories

  • Apps
  • Business
  • Education
  • ENTERTAINMENT
  • Fashion
  • Games
  • Health
  • Internet Marketing
  • Life Hacks
  • Lifestyle
  • News
  • Other
  • Press Release
  • Sport
  • Technology
  • Tips
  • Uncategorized

About Us

Techkrest

The writers and tech enthusiasts who make up the Techkrest team are passionate about bringing you the most recent news and information on all things technological. We aim to offer our readers a distinctive and interesting experience with an emphasis on in-depth analysis and top-notch content.

Important Links

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
  • Editorial Policy
  • Fact Checking Policy
  • DMCA
  • Write for Us 

CONNECT WITH US

  • Facebook
  • Instagram
  • Twitter
  • Pinterest

Copyright © 2023 Techkrest.

Powered by PressBook Blog WordPress theme