Facebook (Facebook) parent company Meta market value has been surpassed by Tesla , Nvidia and others.
On February 8th local time, as of the closing of US stock , Meta was US$220.18, down 2.1%, and its market value fell to US$599.3 billion, exiting the five highest market value companies in the United States ( Apple , Microsoft , Amazon , Alphabet), which is also inferior to Tesla, Berkshire Hathaway , and Nvidia, and its market value ranks eighth in the United States.
US stocks closed on the same day, and the three major indexes collectively turned red. The Dow Jones Industrial Average rose 1.06% to 35,462.78 points; the Nasdaq rose 1.28% to 14,194.46 points; the S&P 500 rose 0.84% to 4,521.54 points.
As early as February 7, Nvidia surpassed Meta's market value. On the same day, Nvidia closed up 1.7%, Meta fell 5.1%, and Nvidia led Meta with a market value of US$618.2 billion.
Recently, Meta has fallen for four consecutive trading days, and its stock price has hit its lowest since July 2020, and its stock price has fallen by about 35% this year. The direct reason for the decline in Meta's stock price is the company's first financial report released on February 3 local time.
financial report shows that Meta achieved revenue of US$33.67 billion in the fourth quarter, an increase of 20% year-on-year, a significant slowdown from the first three quarters of 2021. Net profit in the fourth quarter was less than US$10.3 billion, lower than expected US$10.9 billion, down 8% year-on-year, marking the first decline in net profit since the second quarter of 2019.
In addition, financial report data also shows that Meta's guidance for the first quarter of 2022 is lower than expected, with revenue expected between US$27 billion and US$29 billion, while the market's general expectations are more than US$30.1 billion.
In addition to the financial report data being lower than expected, Apple's new regulations are also considered to be the reason for the decline in Meta's stock price. Meta said this could result in a loss of $10 billion in sales in 2022, equivalent to 8% of last year's sales.
Securities Times reported on February 9 that Apple, an ecological giant that has taken advantage of the bonus in the mobile Internet era, has bought an AI-generated music company since this year, and can automatically adjust music according to user interaction changes, thus achieving the "first purchase of the first year"; on the other hand, it has also launched a new privacy policy, which greatly restricts the acquisition of personal data on third-party applications on iOS operating systems, which will greatly affect the sending of personalized advertisements, directly hitting Facebook's "lifeline" of profits.
