Changing the name of Facebook to Meta also apparently could not cure the pain of this company and we are still witnessing a decrease in the stock price of this company. Following the decline in Meta stock prices, now its market value to $ 565.4 billion Has reached and is no longer one of the top 10 companies in the world.
It was nearly two weeks ago that Meta released its financial report for the fourth quarter of 2021, announcing lower-than-expected earnings. In addition to this financial report, Facebook also saw a decline in users for the first time in its 18-year history. The two issues went hand in hand to experience a 26.4% drop in Meta stock prices in one day, and the market value of this company in the market is close to $ 230 billion Decrease. This price drop, hit $ 30 billion To the wealth of his CEO, Mark Zuckerberg He ran.
Meta is no longer among the top 10 most valuable companies in the world
Since then, the market value of the meta has declined and its stock price has fallen another 13 percent. Now, according to Bloomberg rankings, Meta is no longer among the top 10 most valuable companies in the world, with a market value of $ 565.4 billion, ranking 11th. It is not bad to know that just a few months ago, in September 2021, the value of the company’s shares reached a record The sixth most valuable company in the world Became. But now Meta is a long way from that day. Reduced in the image below 4.08 percent You see the value of meta stocks in one day.
In the image below, you can also see the devaluation of meta stocks over the past month 34.71% Dropped. In fact, the company’s stock was $ 318.15 a month ago, but now trades at $ 207.71.
As expected in the Bloomberg rankings, Apple It shows itself in the first place. The market value of the company now to $ 2.8 trillion arrives. In second place in the world software giant, Microsoft With market value $ 2.2 trillion It is visible. But Meta has given way to a Chinese company, Tencent, and is now the tenth most valuable company in the world. TSMC is in ninth place. In the picture below, you can see the most valuable companies in the world.
The market value of Tencent and TSMC are $ 589.8 and $ 600.3 billion, respectively, which are almost significantly different from the market value of the meta. This gap is expected to widen in the future as the company, led by Mark Zuckerberg, is not too optimistic about its financial report for the first quarter of 2022. Apple’s privacy changes have taken a toll on the company’s advertising business, and its focus on Metawares has come at a high cost.