Buzz
Compared to a year ago, Meta's stock value has plummeted by up to 40%. This is the fallout from the news that the parent company of the social media giant Facebook announced two weeks ago, revealing for the first time in its history, the largest social media user base on the planet has decreased, specifically from Q3 to Q4 2021, they lost 1 million regular Facebook users.As a result, on February 3 alone, Meta's stock plunged, losing 26.4% of its value, equivalent to a $240 billion market capitalization of the corporation. This figure at the time sent both the community and the market into a frenzy, as in the history of the U.S. economy, no corporation has ever lost such a high amount of market capitalization in just one day. For comparison, the $240 billion figure is even higher than the market capitalization of the most famous corporations in the U.S.: Netflix ($180.1 billion), Nike ($229.8 billion), or McDonald's ($194.8 billion). As for Mark Zuckerberg himself, compared to the beginning of 2022, the amount of wealth that the king of Facebook holds is only $78.8 billion, a decrease of $46 billion.Since then until now, Meta's stock has continued to decline. From February 3 to the present, Meta's stock has lost an additional 13% of its value. This has pushed Meta out of the list of the top 10 highest market capitalization corporations on the planet, ranking below Nvidia, Tencent, and TSMC, according to Bloomberg's recent ranking:
According to Bloomberg's assessment, Apple is steadily on track to become the first corporation with a market capitalization of $3 trillion, with Microsoft closely behind. As for Meta, they are below the semiconductor manufacturing corporation TSMC and the Chinese technology corporation Tencent, with a market capitalization now of just over $565 billion.According to Insider
