What do you think about Facebook's new name - Meta, and its metaverse ambitions? Share your thoughts with us in the comments below.įor more in the world of technology and science, keep reading. By asking people to "use Signal", Musk drove up the prices of the unrelated Signal Advance - with shares rocketing by a whopping 1,100%.Īlso read: Facebook Wants To Build An Ambitious 'Metaverse', But It's Full Of Challenges Musk has driven up the shares of more than one company. A similar thing happened with Clubhouse Media, a company completely unrelated to the audio app Clubhouse, which became famous after Tesla CEO Elon Musk Tweeted about it. Zoom Technologies shot up by 80 per cent in 2019, even with no realtion to Zoom video app. Headquartered in Nova Scotia in eastern Canada, Meta Materials is not the first to witness such share increase in the aftermath of related name changes by big companies. #GoBeyond $MMAT #AR #VR Meta, meet META® :-) /2i2PMKwzFA- George Palikaras October 28, 2021 Meta Materials is up 225 so far this year, while Facebook has risen 16. On behalf of I would like to cordially welcome to the #metaverse. He tweeted on Thursday - "I would like to cordially welcome Facebook to the metaverse." The CEO Of Meta Materials, George Palikaras, was elated at the rise in its shares. Now, the comapny is worth over $1.5 billion.Īlso read: Facebook Is Now 'Meta', Reveals Zuckerberg: Here’s What This Means Meta Materials' stock name is MMAT, whose shares jumped by at least 25 per cent in the aftermath of Zuckerberg's announcement. Shares of Meta Materials ( MMAT -1.98), a researcher into materials for use in various high-tech applications, were shooting more than 20 higher as of 1:20 p.m. Its stock name will be "MVRS." According to the website of Meta Materials, its a company focused on materials that block out a "specific colour of light" or to heat a "window in a car." Facebook's new official corporate name will be Meta Platforms starting December 1, 2021.
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