Connect with us
hellotech banner ad


Meta spirals from the top-10 list of most valuable companies

We could have told you it was worthless years ago.

facebook ceo mark zuckerberg
Image: KnowTechie

Meta, previously Facebook, is no longer among the top ten most valuable global companies. That’s after a 45-percent tumble in stock price from its peak in September when Meta was a trillion-dollar company.

The stock slump happened after the company rebranded to Meta and laid claim to the future of the metaverse. And it is a slump. The overall market was up massively in 2021, with the S&P 500 benchmark index up 26.9-percent in that time.

The increase in index performance was primarily driven by large-cap tech stocks like Apple, Microsoft, and Alphabet, the so-called FAANG companies of which Facebook is one.

top 11 companies worldwide by market value showing meta in eleventh place
Image: Bloomberg

It’s perhaps not too hard to see why Meta’s stock has plummeted. It’s business as usual for the leadership over at Meta.

The incoming CTO took time during an interview to run damage prevention, blaming individual users for the rampant misinformation on Facebook. Maybe that’s why it also tried to blame its Oversight Board for the slow pace of improvements.

The rebranding to Meta also coincided with Apple introducing new ad tracking controls, which have hurt Facebook’s advertising income.

In 2022 alone, that change will rip $10 billion out of Facebook’s income stream. New data regulations in the EU also resulted in Meta throwing empty threats of leaving Europe at legislators.

Have any thoughts on this? Let us know down below in the comments or carry the discussion over to our Twitter or Facebook.

Editors’ Recommendations:

Follow us on Flipboard, Google News, or Apple News

Maker, meme-r, and unabashed geek with nearly half a decade of blogging experience at KnowTechie, SlashGear and XDA Developers. If it runs on electricity (or even if it doesn't), Joe probably has one around his office somewhere, with particular focus in gadgetry and handheld gaming. Shoot him an email at

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Facebook

mcafeee banner ad