Have you ever thought about how companies actually get their ticker symbols?
Of course, you can make it as easy as Okta and $OKTA (+0,68 %) or just take Meta $META (-2,23 %) , $UBER (-0,14 %) , $SAP (-0,03 %) etc. or you can be clever like Porsche with $P911 (-0,41 %) or Salesforce with $CRM (+0,69 %) and advertise the product with your own ticker.
But then there are also companies that omit a letter from their name for no reason, such as $BAS (-0,12 %) , $PEP (+0,05 %) or $TSLA (-4,58 %) and there are really crazy ones that simply use $AAPL (+1,34 %) instead of $APPLE or $BAYN (+0,17 %) instead of $BAYER. Steve Jobs can't tell me that there was nothing better than writing Apple with two A's back then.
And of course there are $AFX (+0,2 %) and $KO (-0,4 %) the ticker has nothing to do with the actual name.
Finally, there is also the faction that simply uses the classic $C (+0,59 %) , $O (+1,22 %) , $V (-0,14 %) or $F (+0,74 %) which at least makes sense because it really is much shorter.