Meta falls out of top 10 most valuable companies

[Hanno Labuschagne]

Meta falls out of top 10 most valuable companies

Meta Platforms Inc. has tumbled out of the world’s 10 largest companies by market value, hammered by its worst monthly stock decline ever.

Once the world’s sixth largest company with a valuation in excess of $1 trillion, the Facebook parent closed on Thursday with a value of $565 billion, placing it in 11th place behind Tencent Holdings Ltd., according to data compiled by Bloomberg.

[Bloomberg]

 

["D"]

F

 

[ToxicBunny]

Eina, Marks neural matrix must be shorting out at the moment..

 

[backstreetboy]

Poor old Zuck

 

[RaptorSA]

Allow me an ad homminemmenem.




"valuation in excess of $1 trillion"
35.7 Moon landings..... Really? I mean, really?

 

[Skerminkel]

Justice. Serves them right for removing the option to view my feed chronologically on my phone.

 

[ToxicBunny]

Justice. Serves them right for removing the option to view my feed chronologically on my phone.

You can't view your feed chronologically, anywhere anymore... even when/if they say its chronological it very definitely isn't

 

[rvZA]

Not as if it ever was a 'valuable' company like AT&T or Coke or Pepsi which actually offered real goods and services. Facebook was always a "spoeg en plak" company and will always be just that.

 

[Mystic Twilight]

Well with the recent announcement about android getting strict privacy features like apple, seems like there is still be additional losses to be seen.

Android is getting privacy changes similar to the iPhone ones that cost Facebook billions | Businessinsider

Apple introduced a privacy feature to stop apps from tracking you on iPhone, and now Google is doing the same with Android.

www.businessinsider.co.za

 

[Pegasus]

Not as if it ever was a 'valuable' company like AT&T or Coke or Pepsi which actually offered real goods and services. Facebook was always a "spoeg en plak" company and will always be just that.

It is a "service".

 

[rvZA]

It is a "service".

Not a good one though.

 

[Pegasus]

Not a good one though.

Better than Myspace and a few 100 others apparently

 

[rvZA]

Better than Myspace and a few 100 others apparently

Still does not make them one of the most 'valuable' companies in the world. Just like most tech companies on the inflated US stockmarkets, they are all sand castles and will collapse rather sooner than later.

 

[Skerminkel]

You can't view your feed chronologically, anywhere anymore... even when/if they say its chronological it very definitely isn't

Granted, but at least if I use www.facebook.com/?sk=h_chr in my desktop browser I don't get reminders of events that happened last week.

 

[Polymathic]

Time to buy?

I imagine they have an action plan for WhatsApp for just this occasion

 

[rvZA]

Time to buy?

I imagine they have an action plan for WhatsApp for just this occasion

Nah, they have too much trouble with the GDPR in Europe and face some challenging court cases. So bad, even Facebook themselves said that leaving the EU is not totally off the table. Not quite the 'big company' one would want to invest in.

 

[PhireSide]

Time to buy?

I imagine they have an action plan for WhatsApp for just this occasion

Message reactions incoming?

 

[Polymathic]

Message reactions incoming?

Probably and sponsored stories

 

[Sensorei]

Time to buy?

I imagine they have an action plan for WhatsApp for just this occasion

Rather look at dca'ing into Paypal. Should dip some more. Down 66% from last years high. Next strong price support level $95.

 

[gregmcc]