© 2023 90.5 WESA
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

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.

To make informed decisions, the public must receive unbiased truth.

As Southwestern Pennsylvania’s only independent public radio news and information station, we give voice to provocative ideas that foster a vibrant, informed, diverse and caring community.

WESA is primarily funded by listener contributions. Your financial support comes with no strings attached. It is free from commercial or political influence…that’s what makes WESA a free vital community resource. Your support funds important local journalism by WESA and NPR national reporters.

You give what you can, and you get news you can trust.
Please give now to continue providing fact-based journalism — a monthly gift of just $5 or $10 makes a big difference.