With a 25% fall in stock value and $263 billion market value, witness Meta’s exit from the list of the top 20 companies in the world And we were down to the 27th place.
At one time, Meta was the sixth largest company in the world in terms of stock and market value, and now, with a 25% fall in stock value and $263 billion market value, it ranks 27th. The most valuable companies in the world has fallen This fall is apparently not unrelated to excessive investment in Metaverse.
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Meta’s exit from the list of the top 20 companies in the world
With the release of Meta’s financial report, it has been revealed that the market value of this company has decreased by 65 billion dollars, and based on this, not only Meta’s company, but also its rich CEO Mark Zuckerberg, has faced a sharp reduction in capital. This is not the first time Meta stock value decreases, and about 8 months ago, when the number of daily active users of Facebook decreased for the first time, the company’s stock value fell 26.4%, and it was the largest drop in stock value in one day in the history of the United States.
Extreme meta investment in the context of the metaverse In recent years, the uncertain future of Metaverse and, of course, investors’ disappointment with Meta’s performance have been mentioned as the main reasons for the decline in the value of this company’s shares.
Meta’s investment in the field of Metaverse has even led to the protest of some of the main shareholders of this company, which even changed its name from Facebook to Meta to show its determination in the field of Metaverse. Apparently, this approach paid off and well-known analysts expect the meta situation to get even worse for the next year! But will the meta collapse?
Zuckerberg’s relentless efforts for Metaverse eventually led to the company’s List of 20 most valuable companies in the world While Meta was in good shape at the beginning of this year, it has now lost most of its previous value.
Now the market value of Meta is about 260 billion dollars and this has caused this company to be in the 27th place Ranking of the most expensive companies in the world be placed
Yesterday, with the publication of the quarterly earnings report, Meta’s stock value fell to $97.36, and in fact, the company’s stock price has decreased by about 71% this year.
Thursday’s drop in stock price comes as Meta’s stock tumbled 26.4% about eight months ago, posting the biggest one-day loss in US corporate history. After the publication of the report of the decrease in the number of daily active users of Facebook, a figure of about 240 billion dollars from the market value of Meta was also lost. The fall in the value of Meta shares in February, the company from List of top 10 companies in the world removed, and now Meta has no place among the top 20 companies!
Market analysts and investors believe that considering that Mark Zuckerberg is following Metaverse, the company’s stock value is expected to fall further in 2023, and investing in this company should be done with caution.
According to the Bloomberg Billionaires Index, Mark Zuckerberg will not be spared from this situation and he has lost about 70% of his wealth this year, including the current drop in the value of Meta shares.
What is your opinion about Meta leaving the list of the top 20 companies in the world? Will Zuckerberg’s extreme activity in the field of Metaverse lead to the early fall of Meta? Share your opinions with Tekrato in the comments section Technology News Follow with us.