@CestManan I kind of know were he is going with this. You see even google it self change it main corporate name to Alphabet. Yet kept google search engine name the same. Basically he is restructuring the main corporation with a different outlook.... the "Metaverse" being the outlook.
It's also why I mentioned to look forward to Meta acquiring a few other companies.
Alphabet now has acquired 95 different companies. Each one is quite different though.
Zuckerberg probably wants to keep it in the website arena.
@DeWayfarer I was going to ask why one of them doesn't just buy out the other but it looks like they are both worth about a trillion dollars so I guess that would not be feasible
@DeWayfarer I always though stocks were for nothing more than to artificially boost a company's net worth. I mean if a company files chapter 11, don't the shares become worthless?
You would not think something like that would ever happen with big places but anyways.
@CestManan prefered stocks are not worth as much. And only make sence when you are certain a company is going to go under. Another benefit is they get dividends.
Yet common stocks do not get dividends yet often do good when the company is doing good.
Often investors buy both common stocks as well as prefered stocks just to hedge their bets.