Meta Platforms became the first company to lose more than $200 billion in market capitalization in one day.
The record-setting decline occurred in February 2022 after Meta reported disappointing user numbers and warned about pressure on its advertising business. Its shares plunged, causing roughly $232 billion in market value to disappear in a single session.
This was a market-value loss, not a direct withdrawal of $232 billion from Meta’s bank accounts. The figure was calculated from the fall in share price multiplied by the company’s outstanding shares. Such events show how quickly public expectations can alter a company’s valuation.
Meta Platforms was formerly called Facebook. It owns Facebook, Instagram, WhatsApp, and Messenger, and changed its corporate name in 2021 to emphasize its broader focus on the metaverse and other technologies.