April 26, 2024

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Meta (Facebook) continues to drop in the stock market and is already losing 40% so far this year

Meta (Facebook) continues to drop in the stock market and is already losing 40% so far this year

Actions goal (Owner Facebook, Instagram, WhatsApp) It closed again this week with losses and has accumulated a decline of nearly 40% this year, putting the company’s position at great risk as one of the world’s top ten companies by market capitalization.


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Meta accumulated this week a recoil 6%, after losing 0.75% today, showing no signs of a possible comeback after the collapse of more than 20% it suffered on February 2 when it provided disappointing quarterly accounts.

The company has seen a distinct slowdown in its growth in recent months and has a poor outlook for 2022, which has pushed investors away. investors.

Since its all-time high, which reached last September, its shares have already accumulated more than 46%.

This week, the bad news about goal They kept proclaiming that Google It is preparing changes to the user identification tool for the Android mobile operating system, a move that is believed to be detrimental to the advertising business of the company it runs. Mark Zuckerberg.

The change announced by Google is reminiscent of the one implemented last year by manzanaWhich hit hard for many companies that live mainly from internet advertising as is the case with goal – The new name of the company formerly known as Facebook-.

The company, whose market value last June topped $1 trillion for the first time, is now clearly worth less than $600 billion.

This collapse, unprecedented in recent years among major technology companies, has made goal It lost its place as one of the ten companies in the world with the highest valuation, which is the list that tops Apple and Microsoft.

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In recent days, the US tech company has been overtaken at various times – depending on market volatility – by Nvidia, China’s Tencent and Taiwanese TSMCout of a selective “top ten”.

The company behind which was dead not so long ago, like Tesla, is now worth about another 300,000 million, while other internet giants like Alphabet or Amazon It is even further afield, with ratings three times higher.

In fact, many experts have begun to recommend the purchase of Meta shares, considering that their current price is quite low and practically guarantees good returns given the company’s turnover and history.