
Meta Materials CEO George Palikaras also appeared to get in on the fun on Thursday, tweeting: "On behalf of I would like to cordially welcome to the #metaverse." "Is the (after-hours) price action real, or are people buying MMAT thinking they are getting Facebook for really cheap?" asked one user on a Reddit community dedicated to discussing Meta Materials' stock, that was created this March. This is not the frst instance of shares reacting because of mistaken identities - Zoom Technologies jumped at the height of the pandemic, when the world flocked to the simiarly named video conferencing service.īut it was unclear whether just the similarity in names or a coordinated push by "meme-stock" investors - or both - was driving Meta Materials' shares higher. The company, which specializes in designing materials used in a variety of industries including consumer electronics and aerospace, has a market value of $1.3 billion, according to Refinitiv.

It hit an all-time high of nearly $22 in June. Meta Materials' stock has already been a favorite among retail investors using Reddit and social media, recording wild swings in recent months. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology.As Facebook metamorphosed into Meta, shares of Halifax, Nova Scotia-based Meta Materials Inc jumped 6% in opening trades on the Nasdaq on Friday, following a 26% rise in after-hours trading. Apps like Messenger, Instagram and WhatsApp further empowered billions around the world. When Facebook launched in 2004, it changed the way people connect. Meta builds technologies that help people connect, find communities, and grow businesses. See also: Building the Metaverse Responsibly, Expanding Horizon: New Funding to Support Creators, Introducing Our New Company Brand (2019) Today’s announcement does not affect how we use or share data. We also intend to start trading under the new stock ticker we have reserved, MVRS, on December 1.

Starting with our results for the fourth quarter of 2021, we plan to report on two operating segments: Family of Apps and Reality Labs. Our corporate structure is not changing, however, how we report on our financials will.
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You can watch the full Connect keynote and learn more about how the metaverse will unlock new opportunities at. We also announced new tools to help people build for the metaverse, including Presence Platform, which will enable new mixed reality experiences on Quest 2, and a $150-million investment in immersive learning to train the next generation of creators. This year’s virtual event explored what experiences in the metaverse could feel like over the next decade - from social connection, to entertainment, gaming, fitness, work, education and commerce.

Our annual Connect conference brings together augmented and virtual reality developers, content creators, marketers and others to celebrate the industry’s momentum and growth. Mark shared more about this vision in a founder’s letter. It’s the next evolution in a long line of social technologies, and it’s ushering in a new chapter for our company. It will let you share immersive experiences with other people even when you can’t be together - and do things together you couldn’t do in the physical world. The metaverse will feel like a hybrid of today’s online social experiences, sometimes expanded into three dimensions or projected into the physical world. Meta’s focus will be to bring the metaverse to life and help people connect, find communities and grow businesses. Today at Connect 2021, CEO Mark Zuckerberg introduced Meta, which brings together our apps and technologies under one new company brand.
