Mark Zuckerberg’s Meta No Longer Among Top 10 Most-Valuable Companies

[Epoch-Times-Bot]

Mark Zuckerberg's Meta No Longer Among Top 10 Most-Valuable Companies

Meta Platforms Inc. is no longer among the top 10 most valuable companies in the world.
What Happened
As of 8 p.m. ET, Meta, with a market cap of $364.64 billion, has moved to the 11th position among companies with top market cap, data from companiesmarketcap.com shows. Visa Inc. stock is at the 10th position, with a market valuation of $374.38 billion.
Apple Inc. is the most valuable company in the world, with a market valuation of nearly $2.22 trillion.
Meta CEO Mark Zuckerberg announced plans to reorganize teams and trim headcount for the first time ever, according to a report by Bloomberg.
Zuckerberg said the company will freeze hiring and restructure some teams to reduce expenses and realign priorities. Meta will likely be smaller in 2023 compared to what it was this year, he reportedly said....

Source: Mark Zuckerberg's Meta No Longer Among Top 10 Most-Valuable Companies

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