Why Facebook Stock Climbed Today

Shares of Facebook (NASDAQ: FB) rose 2% on Monday, furthering the social media giant's rally since its blockbuster announcement last week.  

Facebook is changing its name to Meta Platforms to reflect the company's long-term ambitions. CEO Mark Zuckerberg wants to help build a metaverse in which a host of cutting-edge technologies -- such as virtual and augmented reality -- converge to create an immersive experience that blends the digital and physical worlds.

Investors are intrigued by Facebook's new strategy. Image source: Getty Images.

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Source Fool.com