The capitalization of Meta since June 2021 has fallen from $1 trillion to $565 billion as of February 17.
So Meta was in 11th place in terms of market capitalization, according to Bloomberg.
It is noted that since September 2021, Meta has lost $513 billion in capitalization.
The first place in capitalization is occupied by Apple with $2.8 trillion. On the second – Microsoft ($2.2 trillion), the third is occupied by the oil company Aramco ($2 trillion). Sixth place, which was Meta, is now occupied by Tesla with $905 billion.
The reason behind Meta’s price drop was a 2021 report in which the company reported the loss of unique Facebook users.
