Costco Wholesale Corp
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Consumer Staples : Food & Staples Retailing | Large Cap Blend
Company profile

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and through its subsidiaries in Taiwan. The Company's average warehouse space is approximately 146,000 square feet. The Company's warehouses on average operate on a seven-day, 70-hour week. The Company offers merchandise in various categories, which include food and sundries (including dry foods, packaged foods, groceries, snack foods, candy, alcoholic and nonalcoholic beverages, and cleaning supplies); hardlines (including appliances, electronics, health and beauty aids, hardware, and garden and patio); fresh foods (including meat, produce, deli, and bakery); softlines (including apparel and small appliances), and ancillary (including gasoline and pharmacy businesses).

Closing Price
Day's Change
3.42 (0.65%)
B/A Size
Day's High
Day's Low
(Above Average)

10-day average volume:

Facebook plans to soon rebrand with a new name: report

7:30 am ET October 20, 2021 (MarketWatch)

By Mike Murphy

New name expected next week, expected to tie in 'metaverse'

Facebook Inc. may soon have a new name.

The Verge reported Tuesday night that Facebook (FB) plans to change its company name next week, in order to align its brand name more toward the "metaverse" that CEO Mark Zuckerberg envisions, with less focus on its namesake social network. Instagram, WhatsApp and Oculus are also currently under the Facebook umbrella.

The name change is expected to be revealed at Facebook's annual Connect conference Oct. 28, or perhaps even sooner, The Verge reported.

On Monday, Facebook said it will be creating 10,000 new jobs in the European Union over the next five years as it builds its metaverse, a 3-D virtual environment using AR and VR technology that will allow users to do everything from play games with friends to conduct work and make purchases.

The new name would likely be similar to what Google did in 2015, naming the parent company Alphabet Inc. (GOOGL)(GOOGL), with the search-engine company and other units under its umbrella.

Facebook's apparent rebrand comes amid a spate of scandals and negative news, including that Facebook ignored data that found its platforms hurt young users, knowingly amplified extremism, and consistently favored profits above people.

The company is expected to announce third-quarter earnings Oct. 25. Despite the scandals, Facebook shares are up about 24% year to date, compared to the S&P 500's 20% gain.

-Mike Murphy


(END) Dow Jones Newswires

October 20, 2021 07:30 ET (11:30 GMT)

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