Meta Platforms shares rise as Facebook rebrands to focus on metaverse
The Hindu
Meta Platforms rose 1% to $319.95 in pre-market trading, after gaining as much as 4.3% on Thursday.
Shares of Meta Platforms Inc rose marginally in pre-market trading on Friday after social media giant , a shared virtual environment.
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Chief Executive Officer Mark Zuckerberg said on Thursday the new name reflects the company's work invested in the metaverse, rather than its namesake social media service, which will continue to be called Facebook.
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