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$677 billion valuation wipeout makes Zuckerberg's Meta slip out of world's top 20 companies list

2022/10/31 15:59

According to Indiatimes, the wait for brighter days just seems to be getting longer for Facebook’s parent company, Meta Platforms. Ever since it announced disappointing results for Q3 (June-Sept) as well as a worrisome forecast for the ongoing quarter (Oct-Dec), the company’s stock has been witnessing a bloodbath.

Besides its CEO Mark Zuckerberg losing over $11 billion in a single day last week, taking his tally to over $100 billion in the last 13 months, the company’s valuation too has suffered a big hit. As per a Bloomberg report, Meta's valuation has collapsed by a whopping $677 billion this year, thus forcing it out of the ranks of the world’s 20 largest companies.

bullishbullishbullish2bearishbearishbearish12Paylaş
Sorumluluk Reddi:Yukarıdaki içerik HTX'ın tutumunu temsil etmez.,HTX herhangi bir alım satım önerisinde bulunmaz.。

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