Facebook Value: Facebook on the floor now, now out of top 10 – Facebook parent company meta platforms MCap falls now out of top10 valued companies

Story Highlights

  • Facebook’s stock fell steadily after September
  • The number of Facebook users decreased for the first time

Facebook has suffered a big loss amid the sell-off in the shares of IT and tech companies. During the last one month, the stock of Facebook’s parent company Meta Platforms Inc. has fallen drastically. Due to this the company’s Meta MCap has come down sharply and it has to find a way out of the list of top 10 companies.

Was once the sixth largest company in terms of value

According to Bloomberg data, when the market closed on Thursday, Facebook’s parent company’s mcap fell to $565 billion. In this way Meta exited the top 10 and came to 11th position after Tencent Holdings Ltd. At one time the mcap of Meta Platforms had crossed $ 01 trillion and it used to be the sixth most valuable company in the world.

Facebook’s mcap is halfway

Meta’s mcap was at its peak in September last year. Since then the value of the company has come down to almost half. The company has suffered a loss of more than $ 500 billion in mcap. The company has recently been rebranded regarding Mark Zuckerberg’s Metaverse plan and the parent company’s name has been changed to Meta instead of Facebook. The company is also facing adverse conditions in the market due to the decline in the number of daily active global users for the first time.

These companies are included in the top 5

According to Bloomberg data, Apple is currently the largest company in the world with a valuation of $ 2.8 trillion. After this comes the number of Microsoft, which is currently valued at $ 2.2 trillion. Saudi Arabian oil company Aramco is the third most valuable company in the world with a mcap of $2 trillion. It is followed by Google’s parent company Alphabet with $1.8 trillion and Amazon with $1.6 trillion.

Now this company of Musk is in sixth place

Tesla, the company of the world’s richest man Elon Musk, is currently the world’s most valuable auto company. Tesla is the sixth most valuable company in the world in this list of Bloomberg and its value is $ 905.7 billion. Other companies in the top 10 include Berkshire Hathaway valued at $700.6 billion, Nvidia with a value of $613 billion, TSMC with a value of $600.3 billion and Tencent with a valuation of $565.4 billion.

Source link

Leave a Comment