Meta is no longer one of the world's top 10 most valuable companies after stock rout over Facebook's fall in daily users
: He's currently worth $78.8 billion, down more than $46 billion from the beginning of the year.
Since then, Meta's share price has extended losses, losing another 13% to date. This has sent the company tumbling down the list of the world's most valuable companies byToday, Meta is the 11th most valuable company in the world with a market cap of $565.4 billion, aranking shows. It was previously in sixth place, based on Meta's record-high share price on September 7, 2021, per Bloomberg.
Taking the top spot on list is Apple, with a market cap of $2.8 trillion, and Microsoft in second place, with a valuation of $2.2 trillion, the ranking shows. Meta now trails Chinese tech giant Tencent in the 10th spot and chip giant Taiwan Semiconductor Manufacturing Company in the ninth spot. Here is the list of the world's most-valuable companies, ranked by market capitalization, according to Bloomberg.
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