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The cost of Meta Platforms Inc has decreased significantly
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The company has fallen in value below $ 400 billion for the first time since 2019 in the past three years.
The cost of Meta Platforms Inc. fell below $ 400 billion for the first time since January 2019. This is evidenced by market data from the Dow Jones. Interfax-Ukraine.
The company’s market value peaked at $ 1.078 trillion on September 7, 2021. However, it has recently fallen by nearly 65%.
The share price of the owner of the social network Facebook and Instagram fell 13.5% last week. Thus, he completed each of the five sessions “in red”.
As a result, prices have fallen to the lowest level since March 16, 2020.
Note that Meta ranks 10th in the list of US companies with the largest capitalization. It lost its ninth position to Visa Inc. last week.
Please note that Meta Platforms Inc raised 10 billion dollars in its first bond placement.
As Korrespondent.net wrote earlier, Meta lost $ 200 billion overnight after the publication of the quarterly results. The company did not live up to the revenue and forecast of active users.
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