Meta loses top-10 ranking by market value amid worst month ever!!

[{"selector":"#anim-cd3cd10f-42f8-4976-8f1e-86b48652d419","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ceb3f167-d40c-4ace-a6f5-7e159c086371","keyframes":{"transform":["translate3d(0px, -214.22522%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

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

[{"selector":"#anim-bab68fe2-9fad-4b47-89c9-6197e3529c13","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ad864b66-4ccf-43e3-8b34-5bd7eba53cd5","keyframes":{"transform":["translate3d(0px, -147.65925%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

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.

[{"selector":"#anim-df9c8d02-3ec4-4756-8357-dc22d56ac822","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-77106657-9bb2-47ec-b9f1-c39643c05a4c","keyframes":{"transform":["translate3d(0px, -107.31177%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Meta loses top-10 ranking bMeta Platforms, which changed its name from Facebook last year as part of Chief Executive Officer Mark Zuckerberg’s attempt to shift the company’s focus to immersive digital experiences

[{"selector":"#anim-2819295f-47de-44c0-aae7-78afb8f924fd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-66a20e9f-41c4-4d9f-b594-fd2998d369ba","keyframes":{"transform":["translate3d(0px, -112.49526%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

has seen more than $500 billion in market value destroyed from a September peak.

[{"selector":"#anim-183acebb-8731-4459-a83d-b009a7be19a7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3362613f-dfef-499b-a82f-a4d98a820c37","keyframes":{"transform":["translate3d(0px, -217.22476%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Tesla Inc., with a market value of $906 billion, has taken Meta’s place as the sixth-biggest company behind e-commerce giant Amazon.com Inc.

[{"selector":"#anim-a957eb1e-9cf8-403f-b4da-2b245c595740","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2a2968ea-238b-4217-805d-aba0efa527f8","keyframes":{"transform":["translate3d(0px, -147.65925%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

CLICK HERE

[{"selector":"#anim-5347646f-65b5-4905-ad3a-c6d76f393010","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1ded6bdc-4c0e-4a51-9c98-fbffd15bd6e7","keyframes":{"transform":["translate3d(-82.47078%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]