Facebook's rebranding as Meta has unintended financial consequences A Canadian company named Meta got lucky when investors bought shares of its stock — thinking they were buying rebranded Facebook stock. CNBC says the Canadian firm's shares surged nearly 25%.

Facebook's rebranding as Meta has unintended financial consequences

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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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