Home » Facebook has lost $500bn since Meta rebrand

Facebook has lost $500bn since Meta rebrand

by LLT Editor
22nd Feb 22 4:26 pm

Facebook has lost $500bn since the company underwent its drastic rebrand in October 2021.

As per a report from New York Magazine, the Meta Platforms, Inc. conglomerate – Facebook’s holding company – has lost half a trillion dollars since they decided to undergo a name change.

The drop in value has led to Facebook, which was once ranked the sixth-most most valuable company in the world, falling out of the top ten entirely.

 

 

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