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The fall of Meta: Zuckerberg’s company loses almost half of its value on the stock markets
The fall of Meta: Zuckerberg’s company loses almost half of its value on the stock markets
Meta Platforms, formerly Facebook Inc. and owner of the world’s largest social network, continues to lose ground. From its maximum in September 2021, to date… 02.20.2022, Sputnik World
2022-02-20T15:24+0000
2022-02-20T15:24+0000
2022-02-20T15:24+0000
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🏛️ companies
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At the close of the stock markets on February 18, the price of a Meta Platforms share stood at 206.16 dollars per unit, which represents a fall of 0.75% compared to the previous day. This dynamic follows a downward trend of months. Since last September 7, when the company’s shares reached their peak of 382.18 dollars, their value has fallen by 46%. The saddest day for holders was last February 3, when in a single day the shares lost 85.24 dollars of their value, 26%. It was the biggest drop in market value for a US public company, according to a Reuters analysis. CEO Mark Zuckerberg. As of today, the company’s capitalization stands at 565,000 million, which is why it fell to 11th place among the largest companies in the world. The market value of Meta was almost 25,000 million dollars less than that of the technological Chinese Tencent (owner of WeChat and Fortnite), which rose to 10th place with $589.8 billion. The leader in the ranking remains Apple with a capitalization of 2.8 trillion. Shares of Meta Platforms began to lose value after publishing a disappointing report on the results of the fourth quarter of 2021, the first since the company changed its name and focused on creating a metaverse. Then, the giant reported that revenue growth will slow between 3 and 11% between January and March 2022, which is the worst performance in the company’s history. In early February, its CEO, Mark Zuckerberg dropped out of the list of the 10 richest people in the world, according to Forbes estimates. In the Bloomberg Billionaires Index for February 18, it is about $78.8 billion, impoverished by $46.7 billion so far this year.
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🏛️ companies, meta (company), mark zuckerberg, wealth
Meta Platforms, formerly Facebook Inc. and owner of the world’s largest social network, continues to lose ground. Since its peak in September 2021, the company’s shares have lost almost half their value as of today. This has caused Zuckerberg’s company to drop out of the top 10 of the largest by capitalization.
At the close of the stock markets on February 18, the price of a share of Meta Platforms was located in the $206.16 per unit, which represents a fall of 0.75% compared to the previous day. This dynamic follows a downward trend of months.
Since last September 7, when the shares of the company reached their peak of 382.18 dollars, its value has fallen by 46%. The saddest day for holders was last February 3, when in a single day the shares lost 85.24 dollars of their value, 26%. Was largest drop in market value for a US public company, according to a Reuters analysis.
The collapse of February 3 meant for Meta the burning of a total of 200,000 million dollars of capitalization and about 29,000 million for its executive director, mark zuckerberg. As of today, the company’s capitalization stands at 565,000 million, which is why it fell to 11th place among the largest companies in the world.
Meta’s market value was almost $25 billion less than that of the Chinese tech Tencent (owner of WeChat and Fortnite), which rose to 10th place with $589.8 billion. The leader in the ranking is still Apple with a capitalization of 2.8 billion.
In early February, its CEO, Mark Zuckerberg, dropped out of the list of the 10 richest people in the world, according to Forbes estimates. In the Bloomberg Billionaires Index for February 18, it is about $78.8 billion, impoverished by $46.7 billion so far this year.
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The fall of Meta: Zuckerberg’s company loses almost half of its value on the stock markets