Meta Plunged from 5th Most Valuable Stock to 11th, behind Visa. In 10 Months, $647 Billion Vanish

Meta Plunged from 5th Most Valuable Stock to 11th, behind Visa. In 10 Months, $647 Billion Vanish

From ridiculously overvalued to troubled. By Wolf Richter for WOLF STREET. Despite the rally on Friday, the shares of Meta Platforms lost more ground, falling 1.0% to $159.10 at the close, and more after-hours, same price where the shares had first been on July 13, 2017. Five years of nothing, with an exciting roller-coaster-ride in between. Four years …

Meta Plunged from 5th Most Valuable Stock to 11th, behind Visa. In 10 Months, $647 Billion Vanish Read More »