Meta has announced that its Class A common stock will begin trading on NASDAQ under the ticker symbol ‘META’ prior to the market opening on June 9, 2022.

The company said this will replace the company’s current ticker symbol ‘FB’, which has been used since its initial public offering in 2012.

“The new ticker symbol aligns with the company’s rebranding from Facebook to Meta, announced on October 28, 2021,” the company said in a blogpost.

“No action by the company’s shareholders is required concerning the ticker symbol change. The company’s Class A common stock will continue to be listed on NASDAQ and its CUSIP number will remain unchanged,” it added.

Reports say that the rebrand, from Facebook to Meta, is part of CEO Mark Zuckerberg’s efforts to shift gears away from Facebook and being known as just a social media company into plans for building the metaverse, IANS reported from San Francisco.