“I’d speculate that someone gave Roundhill an offer that they couldn’t refuse for that ticker,” said James Seyffart, a Bloomberg Intelligence analyst. “And if I had to speculate on who or where that offer came from — I’d guess it was from Meta.”
Meta Platforms Inc., which changed its name from Facebook Inc. before the end of last year yet hasn’t yet taken a new stock symbol, could before long have the ideal ticker: META. Roundhill Investments, which uses META for its Roundhill Ball Metaverse ETF, will give up the ticker symbol on Jan. 31, as indicated by an assertion on Friday. Meta, proprietor of the world’s biggest social network, actually exchanges under the ticker FB on the Nasdaq Global Select Market. The organization initially said in October it would change its ticker to MVRS, a gesture to “metaverse.” Two days before the arranged trade, however, Meta postponed changing the symbol without a clarification, and said a change would come at some point in the first quarter.
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A Meta spokesman declined to comment on the company’s plans for its new ticker, or whether it intends to take META. Roundhill didn’t immediately respond to a request for comment.
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