Skip to main content

Nasdaq FB FaceBook

5 Metaverse Stocks To Watch In The Stock Market Today

4 years 10 months ago
Are These The Best Metaverse Stocks To Buy Before 2022?If you have been keeping tabs on the latest stock market news, chances are you’ve heard about metaverse stocks. After all, these are companies whose businesses revolve around bringing the increasingly real metaverse to
StockMarket.com

My Top 2 Metaverse Stocks to Buy in 2022

4 years 10 months ago
The metaverse is gaining popularity among consumers and investors after the company formerly known as Facebook announced it was making a significant investment in resources to become a metaverse leader. Now known as Meta Platforms (NASDAQ: FB), the company that started all the co
The Motley Fool

4 Reasons Nintendo Is a Great Metaverse Stock

4 years 10 months ago
The "metaverse," which blurs the lines between the physical and digital worlds, has become a hot topic over the past year. Facebook's rebranding as Meta Platforms (NASDAQ: FB) -- which reflected its focus on that market -- also caused more companies to jump aboard the buzzword ba
The Motley Fool

3 Stocks Set to Rally in 2022

4 years 10 months ago
This year has been a phenomenal year for some stocks, but others would rather put it behind them. Three stocks that had a rough 2021 are PayPal (NASDAQ: PYPL), Twilio (NYSE: TWLO), and Pinterest (NYSE: PINS), each losing 23%, 22%, and 45%, respectively.
The Motley Fool

Meta Platforms Buys Name Rights for Meta

4 years 10 months ago

Technology behemoth Meta Platforms, Inc. (FB) the parent company of social media platform Facebook is said to be behind a $60 million deal to buy the trademark assets of the U.S. regional bank Meta Financial Group (CASH), according to Reuters.

Shares of FB closed up 1.4% at $334.49 on December 13.

Meta – Name Rights

Spokespeople from both companies confirmed on Monday that Beige Key LLC owned by Meta Platforms, paid $60 million to the financial institution to buy the “Meta” name, along with Metabank, Meta Financial Group, and all Meta-related domain names and social media accounts.

Facebook Inc. changed the company name in October 2021 to Meta Platforms Inc. The word Meta is derived from metaverse. Meta covers digital spaces accessed via the internet through an array of devices. The name holds significant importance to the company and FB hopes to position the brand to its advantage shortly.

Meta Financial Group had disclosed that a Beige Key LLC had bought the Meta name rights for $60 million in cash, but did not mention who the owner was. The bank will use a part of the cash proceeds to implement a new name for the group, which is yet to be finalized.

See Analysts’ Top Stocks on TipRanks >>

Analysts’ Take

With 29 Buys and 6 Holds, the FB stock commands a Strong Buy consensus rating. The average Meta Platforms price target of $406.31 implies 21.5% upside potential to current levels. Shares have gained 22% over the past year.

Website Traffic

TipRanks’ Website Traffic tool, which uses data from SEMrush Holdings, the world’s biggest website usage monitoring service, offers insight into FB's performance.

In November, Meta Platforms website traffic recorded a 8.83% year-over-year decline in monthly visits. Similarly, year-to-date website traffic growth decreased by 4.19% compared to the same period last year.

Related News:
Abbott Rewards Shareholders; Shares Record New All-Time High
Novavax Files for EUA in the UAE; Shares Up 4%
Finland Picks Lockheed Martin for F-35 Jet Delivery

TipRanks

What Investors Should Know Before Buying IPO Stocks

4 years 10 months ago
Initial public offerings (IPOs) are often surrounded by enthusiasm, and that hype can easily snowball into irrational exuberance. That's why it's especially important to temper your expectations when dealing with newly public companies. In this Backstage Pass video, which was rec
The Motley Fool
Checked
4 minutes 25 seconds ago
This feed is responsible for generating the rss feed related to the topic META
Subscribe to Nasdaq FB FaceBook feed