News > Meta, formerly Facebook, is no longer one of the world's top 10 most-valuable companies

Meta, formerly Facebook, is no longer one of the world's top 10 most-valuable companies

18/02/2022 04:02 PM | Click to read full article

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.

Today, Meta is the 11th most valuable company in the world with a market cap of $565.4 billion, a Bloomberg ranking shows.