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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.<br />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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【$677 billion valuation wipeout makes Zuckerberg's Meta slip out of world's top 20 companies list】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.

$677 billion valuation wipeout makes Zuckerberg's Meta slip out of world's top 20 companies list

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