© 2023 KZYX
redwood forest background
Mendocino County Public Broadcasting
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Due to CalFire work at our primary transmission site, we will be experiencing periodic outages lasting approx. 30 minutes on various days of the week. We apologize for the inconvenience.

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. Transcript provided by NPR, Copyright NPR.