Report: Facebook’s Meta Lost Two-Thirds of Market Cap Value From 2021

Just one year after boasting a market cap of approximately $1 trillion, Meta — the parent company of Facebook — has reportedly lost roughly two-thirds of its cap value. 

According to CNBC, Meta’s stock is currently trading at its lowest price since January 2019. It’s also on the brink of closing out on a third consecutive quarter of double-digit-percentage losses. 

Among Meta’s reported problems over the past 12 months:

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