Lose to TSMC! Meta’s share price halved, falling out of the world’s top ten companies by market capitalization

Since the poor performance of Meta’s fourth-quarter financial report, the stock price has plummeted, and the decline has expanded on the 17th. The market value even dropped out of the top ten companies in the world by market value, losing to TSMC and Tencent, ranking 11th.

Meta was once the sixth largest company in the world, with a market value of more than $1 trillion, but its stock price fell 4.08% to $207.71 on the 17th, leaving a market value of $565 billion, down 46% from its peak in September last year, evaporating more than $500 billion in market value.

According to data compiled by Bloomberg, Meta has now retreated to 11th place, behind TSMC in ninth place and Tencent in tenth place. Meta’s original sixth position has been replaced by Tesla, whose market value has risen to $906 billion. .

The world’s largest company by market value is still Apple, with a value of US$2.8 trillion, followed by Microsoft; the third to fifth are Saudi Aramco (Aramco), Alphabet, Amazon; the seventh and eighth are Berkshire Hathaway, Huizhou up.

Meta CEO Mark Zuckerberg announced last year that Facebook would be renamed Meta, symbolizing his determination to enter the Metaverse, but the fourth-quarter earnings report was affected by Apple’s adjustment of privacy policies and supply chain issues, and the number of daily active users declined for the first time. Profits are not as expected.

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