Meta market cap crashes

Meta Platforms’ market value has plunged more than half a trillion dollars since 2021 amid falling sales and soaring costs as Mark Zuckerberg’s metaverse fails to convince investors


Market capitalisation – Meta Platforms, Inc.
 

May 2021: $936.21bn

Sep 6: $1,065.63bn. Valuation hits trillion-dollar mark 

Oct 28: Zuckerberg rebrands Facebook as Meta

Jan 24, 2022: $822.16bn  
Warning that Apple’s App Tracking Transparency feature will decrease Meta’s 2022 revenue by about $10 billion

Mar 7: $511.24bn

Oct 25: $349.4bn

Oct 26: Investors wipe more than $65bn from Meta’s market value – down $716.2bn since Sep 2021

Zuckerberg’s avatar

$bn 
1,000
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700
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300
  	Jun Sep Dec Mar Jun Sep Oct
   	2021		2022

 
Jun 2021 Net income by quarter	$10,394bn
Sep 2021 			$9,194bn
Dec 2021 			$10,285bn
Mar 2022 			$7,465bn
Jun 2022 			$6,687bn
Sep 2022			$4,395bn 	Down 52.2% year on year


Sources: Macrotrends, Meta, Reuters, Seeking Alpha 
Picture: Meta Platforms, Inc. 
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