Facebook's rebranding as Meta has unintended financial consequences
NOEL KING, HOST:
Good morning. I'm Noel King, with a story of unintended consequences.
Facebook, of course, has rebranded as Meta. A Canadian materials company, also called Meta, got very lucky when investors then bought shares of its stock. CNBC reports the Canadian company's shares surged nearly 25%. The CEO of that company even tweeted welcome to the Metaverse to Mark Zuckerberg.
It's MORNING EDITION.
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