Facebook Changed Name, Now Changing Ticker. What It Means for the Stock.

Text size Meta Platforms follows a number of high-profile companies that changed their ticker symbols. Fabrice Coffrini/AFP via Getty Images Meta Platforms , formerly known as Facebook , is taking the final step to decisively shed its previous identity on Thursday. The company will begin trading under ticker symbol “META,” leaving behind its current trading … Read more

Snowflake Shares Slide Despite Earnings Beat, Falling Below 2020 IPO Price

Text size Snowflake shares have tumbled sharply since last fall. Gabby Jones/Bloomberg Snowflake shares are trading sharply lower late Wednesday, on apparent investor disappointment with the financial outlook provided by the cloud-based data warehousing company.  With the late afternoon slide, Snowflake shares have fallen below their $120 September 2020 IPO price. The stock peaked above … Read more

DiDi Stock Plunges. An SEC Probe Has Alibaba and JD.com Investors On Edge Too.

Text size DiDi headquarters in Beijing AFP via Getty Images Shares in DiDi Global plunged Wednesday after the embattled Chinese ride-hailing company said it was facing a Securities and Exchange Commission investigation into its initial public offering last year. Other Chinese tech stocks were dropping. American depositary receipts of DiDi (ticker: DIDI) lost 5% in … Read more

Meta Stock Has Never Been Cheaper Since Its 2012 IPO

Text size Meta Platforms, the former Facebook, has a lower price-to-earnings ratio than other Big Tech companies. Noah Berger/AFP via Getty Images Meta Platforms ‘ stock is as cheap now as it has ever been since the company’s 2012 initial public offering. After a 32% fall in its shares, to $219, since Feb. 2, when … Read more

Mobile shopping company Wish’s stock gains as Foot Locker exec is named as new CEO

Wish parent company Contextlogic Inc. announced Monday that it found its new chief executive at Foot Locker Inc., and shares gained in late trading. Vijay Talwar, most recently the CEO for Foot Locker’s FL, +0.56% efforts in Europe and other parts of the world, will take over the CEO role at Wish as of Feb. … Read more