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There're at least three METAs on the market, did you get confused?

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Chatterbox Moo wrote a column · Nov 1, 2021 01:26
Facebook's re-christening as $Meta Platforms (FB.US)$ took Wall Street and social media by strom on Thursday as the tech company positioned itself to double down on the metaverse.
There're at least three METAs on the market, did you get confused?
An exchange-traded fund with the ticker symbol $Roundhill Ball Metaverse ETF (META.US)$ saw a flood of new cash after Facebook officially changed its name to Meta Platforms. The $142 million Roundhill Ball Metaverse ETF pulled in $12.5 million on Thursday, its largest single-day inflow since early September.
There're at least three METAs on the market, did you get confused?
Since the announcement, traders have bid up shares of funds and companies that could be mistaken for Facebook's new name. Shares of $Meta Materials (MMAT.US)$, a trending meme stock on Reddit's WallStreetBets forum, saw its shares jump 8.3% since Wednesday's close to trade around $4.71 as of Friday afternoon.
There're at least three METAs on the market, did you get confused?
Cases of mistaken identity aren't uncommon in the investment world. When $Zoom Video Communications (ZM.US)$ made its debut on the public market in 2019, penny stock Zoom Technologies, whose ticker was ZOOM at the time, soared 56,000% within 30 days.

Have you ever bought the wrong stock by accident?
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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Chatterbox Moo
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