Meta's market cap is now around $260 billion, making it the world's 27th most valuable company. That's way behind Apple at the top of the list, Tesla in the sixth place, and Exxon in the 10th spot, according to aranking. It's also a hard fall from a market cap of just under $1 trillion at the start of the year.
On Thursday, Meta shares fell as low as $97.36, after the company reported its second straight quarterly revenue decline. Meta's stock price is down about 71% this year. Thursday's share price drop is only eight months after Meta's shares plunged 26.4% on February 3 — the
$META got swamped by Metaverse !
BTCYN Do you guys think he went so hard on this because he was trying to make up for getting nixed by US Gov on Libra? You know that shit had to hurt.
Gooood. Next step: bump Meta off the surface of Earth