Metaverse Starts Trading on the Exchange with the Code MVRS

After rebranding the corporate name from Facebook to Meta Platforms Inc., the company is now ready to present itself as a leader in virtual reality.

Now, Facebook is trading as MVRS, a shift from its original stock code, which was FB. The ticker for the social media behemoth now represents its new identity.

Its name change does not come without a palpable impact. An ETF (Exchange Traded Funds) with Metaverse in its portfolio saw an inflow surge by 548% since Facebook changed its name.

The ETF, Roundhill Ball Metaverse, saw an increased interest among investors for what is seemingly a bright future of the company. The Metaverse ETF is close to a valuation of $1 billion.

The Roundhill Ball Metaverse ETF launched last June 30. The capital was just over a few million dollars, and the initial goal was to expose companies that enable futuristic technologies. Particularly, these technologies have something to do with how people spend their time in virtual reality. The ETF’s name is META.

Since Facebook changed its name, the ETF grew in value by 548%. Now, its assets boast of an $823 million valuation.

However, one question lingers: should people buy the MVRS stock? Is the Facebook name change really that significant?

Now that social media apps are a common thing, the next leap for mankind is immersion in a 3D environment—a virtual reality where people can meet and interact. There are two leading technologies that make this happen: virtual reality and augmented reality. Casino game developers for online gambling sites like online casino are also working on the same technology.

As such, Meta is opening new doors for its future. The opportunity is fresh, and the company is gearing towards earning revenue beyond advertising.

Facebook took a significant risk here. The company’s shift from being a social media giant to being a VR-oriented company does not come without the possibility of failure. For one, no one knows if the world is ready for virtual reality. There is no evidence that people will embrace virtual worlds in the same way they embraced social media.

Meta will also face new legislative prohibitions. Examples of this are privacy issues. Competition is also going to be a problem. Meta is not the only company that is preparing for the dawn of virtual reality.

As Facebook now embraces a new identity, investors need to understand if it is still a worthwhile investment. To get to a decision, an investor must remember that Mark Zuckerberg himself is a visionary.

He took Facebook to what it is today because of his grand plans. As such, one can easily surmise that he has a grand vision about where he wants Meta to go.

What is the state of Meta stock?

Everyone is familiar with the story of Facebook by now. Mark started a small site that only allowed Ivy League students to join. He made it in his dorm room in 2004. By 2007, the platform exploded and got a valuation of $15 billion. By 2012, the company was worth $104 billion.

During the height of the pandemic, people spent more time online. As such, Facebook enjoyed an immense increase in sales. Their revenue increased by 35% year on year, earning as much as $29 billion.

Now, Facebook is splitting its financial report into two groups. The first one is called Family of Apps. It includes Instagram, Facebook and WhatsApp. The other financial vertical is Facebook Reality Labs. It is within this vertical that the augmented and virtual reality earnings will get reported.

What to do with the META stock?

The META stock makes it worthwhile for the long-term investor. Unfortunately, it will take a whole for it to earn a profit. As a new technology, virtual reality will face many challenges. From hardware to software to legislation, Meta is in for a long battle ahead.

Investors who buy the stock now are in an excellent position to wait it out. Buy early and buy low, then sit on it for many years.

Surely, no one knows what will happen. With Mark at the helm, there is investor confidence that he will make it work. He is a visionary, and he gets things done.

One must not forget that Meta has 3 billion active users. It is the biggest social media conglomerate, and it is a step ahead in virtual reality.

Meta owns Oculus, a VR headset. Meta is ready to spend $10 billion in augmented reality this year and will pump more money into it as time goes on.

Despite the bright consensus, there are threats. For one, Apple made a recent change in its mobile operating system. It allows users to opt-out of being tracked. What happens here is that Facebook will bear the brunt of this action in its advertising revenues. If the OS cannot track the internet movement of a person, Facebook cannot serve tailor-fit ads to the users.

Then there is the threat of TikTok. Mark said that TikTok is one of the most effective competitors that it has faced. To top all of these, Facebook recently had to face several scandals from politics to mental health. Only time will tell if Meta can ride out the storm it is about to face.