Last quarter's results will not have been to the liking of shareholders and investors. The presentation of the latest financial results does not seem to have been to the liking of Meta shareholders, with the company's value falling 25% in what was the worst drop since February.
Despite founder and CEO Mark Zuckerberg's confidence in the development of the metaverse, it seems that investors are not so pleased by the drop in revenues. Thus, Meta no longer ranks in the 'ranking' of the world's 20 most valuable companies of the Bloomberg and quoted by Notícias ao Minuto, is now in 27th position with a market value of 267 billion dollars.
Recall that, at the beginning of the year, the market value of Meta approached a billion dollars.
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