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Facebook Inc.
FB,
has changed its name to Meta, and this might be a meaningful change for its shareholders. The full name is now Meta Platforms Inc. and the stock’s ticker will change to MVRS on Dec. 1.
The name change better reflect parent’s various businesses, including the potential of virtual reality (VR) products for consumers — an industry Meta already dominates through its Oculus line of products. The newly named company will begin reporting its results in two segments: Family of Apps, which will include Facebook, Instagram, Messenger and WhatsApp, and Reality Labs, for Oculus and all related VR products and services.
Mark Hulbert recently looked at how stocks tend to perform after companies change their names.
Here’s some of the reaction following Facebook’s announcement, and related coverage:
What’s in your ETF?
MarketWatch illustration/iStockphoto
Mark DeCambre writes the ETF Wrap column, with news about the exchange-traded fund industry and various bits of insight. This week he explains how to know what’s really in your ETF.
Build your own ETF
Most ETFs are passively managed — they track stock indexes and therefore have lower expenses than actively managed funds. But the fees still add up to a lot of money over the long term. Michael Brush shows how you can build your own ETF focused on a sector or industry and save even more on expenses.
What is the best retirement account for you?
iStockphoto
Some people have more choices than others, when it comes to saving and investing for financial independence. Continuing the How To Invest series, Alessandra Malito digs into IRAs, 401(k)s and the Roth versions of both, to help you understand which type of retirement account is best for you.
Read on: Here’s how Congress wants to combat early withdrawals from retirement accounts
Best new ideas — how big-box retailers are helping small businesses
The Best New Ideas In Money series continues, as Tonya Garcia reports about a retail-industry development you may not have expected. Lowe’s Cos., Amazon.com Inc. and Target Corp. and other companies have various programs to help small businesses distribute their products and services.
Tech-stock picks
Jeff Reeves selects five rocketing tech stocks for long-term investors.
More about stocks: Increased capital spending is setting up this select group of industrial stocks to outperform in the next few years
Trouble at Chipotle
AFP via Getty Images
Levi Sumagaysay interviews employees at Chipotle Mexican Grill Inc.
CMG,
who describe the challenges of handling incredible demand during the pandemic.
Is Tesla the new Apple?
Getty Images
Tesla Inc.’s
TSLA,
stock now has a market capitalization of more than $1 trillion. The stock was up 20% for one week through Oct. 28, following announcements of deals to supply 100,000 rental vehicles to Hertz and 50,000 to Uber.
Recalling how Apple Inc.
AAPL,
was able to dominate the smartphone industry after it introduced the iPhone, Andrew Dickson considers how Tesla might become the new Apple and what that means for the stock price.
More about EVs: Tesla still dominates the EV market in the U.S., but these rivals are catching up
Speaking of Apple…
Apple disappointed investors with lower-than-expected sales during its fiscal fourth quarter, and the shares were down as much as 4% on Friday. But many analysts remain upbeat about Apple, as Barbara Kollmeyer and Emily Bary explain.
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