Facebook, the most popular social media company in the world, recently changed its name to Meta. Its founder, Mark Zuckerberg, is one of the world’s biggest billionaires. But over the past few years Mark Zuckerberg and his meta company have been experiencing various setbacks. Meta is currently ranked 11th out of the top 10 most valuable companies in the world.
According to a Bloomberg report, Facebook’s parent company, McCap, is valued at $ 565 billion in terms of stock market value. As a result, Meta dropped out of the Top 10 list and was ranked 11th. Tencent Holdings Ltd. ranked 10th. At one time the meta value exceeded $ 1 trillion and was the sixth most valuable company in the world. But now it has suffered a major setback.
Biggest decline in history … Meta shares lose 26% in a single day …
List of Top 10 Companies:
1. Apple – $ 2.8 trillion
2. Microsoft – $ 2.2 trillion
3. Aramco – $ 2 trillion
4. Alphabet – $ 1.8 trillion
5. Amazon – $ 1.6 trillion
6. Tesla – $ 905.7 billion
7. Berkshire Hathaway – $ 700.6 billion
8. Nvidia – $ 613 billion
9. TSMC – $ 600.3 billion
10. Tencent – $ 565.4 billion
Metaco’s mcap was at its peak in September last year. Since then the value of the company has now almost halved. The company has suffered a loss of nearly $ 500 billion. It is noteworthy that the company name was recently changed from Facebook to Meta following Mark Zuckerberg’s Metaverse project.
