Last update: February 18, 2022 8:33 PM
“Meta” logo
It seems that the misfortunes of the Meta company do not come individually. After the deterioration of relations with European countries, and the significant loss of more than 200 billion dollars in its market value due to the decline in its shares, the company that owns the “Facebook” platform exited its position among the top 10 companies of the world. In terms of market value in the world.
Data compiled by Bloomberg showed that the company that owns the social networking site ranked eleventh among the companies with the highest market value around the world, with a market value of $565 billion.
Meta lost more than $500 billion in market value compared to last September’s peak, and pressure on the company’s shares increased during the past two weeks following the release of the quarterly business results report during the last quarter, which showed weak user growth due to increased competition.
Apple ranked first in the list of the largest global companies in terms of market value, followed by the American Microsoft and Saudi Aramco.
Alphabet ranked fourth on the list, followed by Amazon and Tesla in fifth and sixth places, Berkshire Hathaway, Nvidia, TSMC and Tencent.
“Meta” shares ended Thursday’s trading session down 4.1% at $207.71, with a market value of $565.3 billion.