The company’s stock is trading at $ 324.1, its highest price since last Monday. Instead, Amazon and Apple fall in New York.
Market participants continue to react positively to Facebook’s decision to change its name to Meta .
The share of the social network is trading this morning at $ 324.50 on the Nasdaq stock exchange in New York , its highest price since last Monday, when it ended at 328.69 units, according to information from the agency Bloomberg.
Facebook titles accumulate a gain of 3.9% in the last two days, after rising 2.4% this Friday and increasing 1.5% on Thursday.
Facebook changed the company name to Meta to seek new business opportunities beyond social media . Specifically, it seeks to enter the so-called “metaverse”, a space to work and play in a virtual world .
Last Wednesday, a day before the announcement, the company’s stock closed at $ 312.22 and was its lowest level since May 18.
Facebook swims against the current this Friday, as the Nasdaq technology index fell 0.1%, due to the falls of Amazon and Apple due to their financial results.
Amazon shares slide after it missed Q3 expectations and forecast an increase in spending in Q4, due to supply chain disruptions and rising labor, material and transportation costs. . These factors are expected to generate “several billion dollars in additional costs” for Amazon in the current quarter, according to the company.
Tech giant Apple also disappointed investors in its results, whose iPhone sales fell short of expectations, even after the launch of its latest series of iPhone 13 phones.
Rachel Maga is a technology journalist currently working at Globe Live Media agency. She has been in the Technology Journalism field for over 5 years now. Her life’s biggest milestone is the inside tour of Tesla Industries, which was gifted to her by the legend Elon Musk himself.