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The stock has plummeted more than 40% this year as investors wonder if the strategy shift will pay off. Meta Platforms and Roundhill were not immediately available for comment.įacebook’s transition to Meta Platforms has been a rocky one. Roundhill and Meta Platforms may have held discussions about letting the social media giant get the coveted “META” ticker. Roundhill also didn’t give a reason for the change. Then, in mid-January, Roundhill said it was changing the ticker of its metaverse ETF to “METV.” That took effect at the end of January. Meta Platforms announced in November that it was postponing the ticker change to this year. Rafael Henrique/SOPA Images/Shutterstockĭon't tell Mark Zuckerberg: investors have already discovered the metaverse The Roblox logo seen displayed on a smartphone.
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