• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Meta is no longer one of the world’s top 10 most-valuable companies

4 years ago
in Business, highlights, Home, home-news, latest News, Social Media, Technology
2 min read
0 0
0
75
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Meta is no longer one of the world’s top 10 most-valuable companies

Meta reported two weeks ago that Facebook’s daily active user base shrank for the first time ever.

Meta plunged on the news; its share price is down about 40% year-to-date. Meta is now the world’s 11th most-valuable company, trailing China’s Tencent in the 10th place.

After its stock rout this year, Meta is no longer one of the world’s 10 most-valuable companies.

Meta’s share price is down about 40% year-to-date after the company reported two weeks ago that Facebook’s daily active user base shrank for the first time ever. The social media platform lost about one million users from the third quarter to the fourth quarter of 2021.

Read: Dangote Refinery, supportive credit facility, can accelerate Nigeria’s economic recovery process – IMF

The announcement sent Meta shares plunging 26.4% in just one day on February 3, wiping out $240 billion in market capitalization. It was the largest one-day loss in US corporate history. Meta CEO Mark Zuckerberg’s personal net worth has also taken a hit: 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 by market cap.

RelatedPosts

The Global Push for a Just Transition in Energy Jobs

Why the IEA Reinstated Its “Business as Usual” Scenario

GRA Targets Offshore Income in Expanded Tax Compliance Drive

Today, Meta is the 11th most valuable company in the world with a market cap of $565.4 billion, a Bloomberg ranking 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 (TSMC) in the ninth spot.

Here is the list of the world’s most-valuable companies, ranked by market capitalization, according to Bloomberg.

Tags: MetaMeta is no longer one of the world's top 10 most-valuable companiesTencentworld's 10 most-valuable companies
No Result
View All Result

Highlights

Gold Boom Drives Rising Costs for Australian Producers

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

Premier League: Spurs Stun Man City at Etihad; Arsenal Dominates Leeds to go Top

CHAN 2024: Senegal, Sudan Complete Semifinal Lineup

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

The 10 Fastest-Growing Trading Nations in Africa

Trending

Features

The Global Push for a Just Transition in Energy Jobs

August 24, 2025

The Global Push for a Just Transition in Energy Jobs For years, energy workers from the fossil...

Why the IEA Reinstated Its “Business as Usual” Scenario

August 24, 2025

GRA Targets Offshore Income in Expanded Tax Compliance Drive

August 24, 2025

Gold Boom Drives Rising Costs for Australian Producers

August 24, 2025

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

August 24, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.