Meta Materials Inc., a material-science company with the ticker symbol MMAT, has suddenly become a hot stock. Shares of Meta Materials rose as much as 10% on Friday before recently trimming those gains. While Meta Materials appears to have no relation to Facebook Inc., it soon will have a similar corporate name. Facebook is changing its name to Meta Platforms Inc., a ploy aimed at better positioning the company around the metaverse. “I applaud Mark Zuckerberg’s & Meta Platforms Inc.’s multi billion dollar commitment to make the metaverse a reality," Meta Materials Chief Executive and founder George Palikaras said in an email.

Source: Mint October 31, 2021 09:35 UTC