Confusion or meme play? Meta Materials stock soars after Facebook's name change.

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Facebook’s corporate name change to Meta landed with a thud for many Thursday, but it may have been good news for one Canadian company.

Facebook Inc.’s corporate name change to Meta landed with a thud for many Thursday, but it looks to have been good news for one Canadian company.

While confusion may have been a factor, it may not have been the only one: Meta Materials has recently gained popularity as a meme play with significant short interest. Market Extra : Zoom Technologies soared 56,000% in the past 30 days — as unrelated Zoom Video prepared its IPO iframe.twitter-tweet { width: 100% !important; } Meta Materials, with a market cap of about $1.2 billion, does have some ties with Facebook, though. In a statement Thursday, the company announced it will hold an online panel to discuss the future of augmented-reality eyewear, with Facebook’s Reality Labs listed as a participant.

Source: News Formal (newsformal.com)

 

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Perhaps Mark should consider changing his name too. 😂

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