– Meta Plunged from 5th Most Valuable Stock to 11th, behind Visa. In 10 Months, $647 Billion Vanish:
Despite the rally on Friday, the shares of Meta Platforms lost more ground, falling 1.0% to $159.10 at the close, and more after-hours, same price where the shares had first been on July 13, 2017. Five years of nothing, with an exciting roller-coaster-ride in between. Four years and two months up, 10 months down. Since the peak in September 2021, the shares have plunged 59%.
Meta still doesn’t qualify for my growing list of Imploded Stocks, for which the minimum requirement is a 70% plunge from the peak, but it’s working hard to get there (data via YCharts):
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