Meta is no longer one of the world's top 10 most valuable companies after stock rout over Facebook's fall in daily users
: He's currently worth $78.8 billion, down more than $46 billion from the beginning of the year.
Since then, Meta's share price has extended losses, losing another 13% to date. This has sent the company tumbling down the list of the world's most valuable companies byToday, Meta is the 11th most valuable company in the world with a market cap of $565.4 billion, aranking shows. It was previously in sixth place, based on Meta's record-high share price on September 7, 2021, per Bloomberg.
Taking the top spot on list is Apple, with a market cap of $2.8 trillion, and Microsoft in second place, with a valuation of $2.2 trillion, the ranking shows. Meta now trails Chinese tech giant Tencent in the 10th spot and chip giant Taiwan Semiconductor Manufacturing Company in the ninth spot. Here is the list of the world's most-valuable companies, ranked by market capitalization, according to Bloomberg.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Facebook parent Meta agrees to pay $90M to settle decade-old privacy lawsuitFacebook parent company Meta will pay $90 million to settle a privacy lawsuit over its use of “cookies” in 2010 and 2011 that tracked people online. FOX13
Read more »
Facebook parent Meta agrees to pay $90M to settle decade-old privacy lawsuitFacebook parent company Meta will pay $90 million to settle a privacy lawsuit over its use of “cookies” in 2010 and 2011 that tracked people online.
Read more »
Meta agrees to pay $90 million to settle lawsuit over Facebook tracking users' online activityFacebook-parent Meta has agreed to pay $90 million to settle a lawsuit over a practice that allowed the social network to track users' activity across the internet, even if they had logged out of the platform
Read more »
Ultra Rich: 10 Richest LGBTQ People in the WorldIn this list, we take a look at some of the richest LGBTQ people in the world right now, from Tim Cook to Domenico Dolce and Stefano Gabbana.
Read more »
Texas 10-year-old with terminal cancer sworn in as Round Rock police officerDevarjaye 'DJ' Daniel was sworn in as a an honorary Round Rock Police Department officer as he continues to raise awareness about childhood cancer.
Read more »
The 10 Best Things to Bring on Your Private Jet Getaway This Holiday WeekendIt’s the fifth-busiest travel weekend in private aviation. Here’s what to bring to make the flight even more comfortable.
Read more »