Have you ever thought about how companies actually get their ticker symbols?
Of course, you can make it as easy as Okta and $OKTA (+0,66 %) or just take Meta $META (+3,24 %) , $UBER (+1,62 %) , $SAP (+2,96 %) etc. or you can be clever like Porsche with $P911 (+0,6 %) or Salesforce with $CRM (+5,04 %) 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 (+2,29 %) , $PEP (-0,84 %) or $TSLA (+6,49 %) and there are really crazy ones that simply use $AAPL (+2,87 %) instead of $APPLE or $BAYN (+3,44 %) 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 (+0,38 %) and $KO (-1,76 %) the ticker has nothing to do with the actual name.
Finally, there is also the faction that simply uses the classic $C (+4,51 %) , $O (-2,72 %) , $V (-1,68 %) or $F (-1,21 %) which at least makes sense because it really is much shorter.