$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.
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2023-02-04 10:38YanıtlaBeğen