![]() ![]() Meta Financial's shares were trading 1.5% lower in mid-afternoon trading, giving it a market capitalization of around $1.74 billion. In the filing, Meta Financial said it had embarked on a brand strategy review earlier this year, but the MetaBank spokesperson declined to comment on the negotiations beyond the contents of the filing. Meta (formerly the Facebook company) builds technologies that help people connect, find communities and grow businesses. The Meta Platforms spokesperson said the company engaged in discussions with Meta Financial before Facebook's name change was announced. ![]() ![]() The metaverse concept, which has cropped up on several Silicon Valley companies' earnings calls and which will require cooperation among tech giants, could be more than a decade away from being fully realized. Last week, Meta Platforms opened up its previously invite-only Horizon Worlds app, where users of its Quest virtual reality headsets can play games and interact as avatars, to over-18 users in the United States and Canada. The tech giant, which has invested heavily in virtual reality and augmented reality, sees the metaverse as the successor to the mobile internet. As well as offering products through its MetaBank subsidiary including consumer savings, loans and credit cards, and commercial lending, Meta Financial partners with institutions including government agencies and financial technology firms to offer banking services with the aim of bolstering financial inclusion.įacebook said in October its parent company had changed its name to Meta Platforms. ![]()
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