According to reports, as Mark Zuckerberg’s personal assets have shrunk by US$100 billion, Meta has also suffered a huge blow. Bloomberg reports that the company’s valuation has plummeted by US$677 billion in 2022, and it has now withdrawn from the top 20 companies in the world. ranks. The sixth largest company in the United States by market capitalization at the beginning of 2022, with a market capitalization of US$1 trillion, has now fallen to US$258 billion, ranking 26th, behind companies such as Chevron, Eli Lilly, Procter & Gamble, and Tencent. In addition, Morgan Stanley, Cowen and KeyBanc Capital Markets have all previously downgraded their ratings on Meta stock. (indiatimes)