Meta Platforms lost about $232 billion in market capitalization in one trading day in February 2022.
On 3 February 2022, Meta Platforms’ shares plunged about 26.4%, wiping approximately $232 billion from its market value. The fall followed disappointing quarterly results, a weaker forecast, and news that Facebook’s daily active users had declined for the first time.
The company was then known as Facebook, but its corporate name had changed to Meta Platforms in October 2021. The market reaction showed how strongly valuation can depend on expectations for user growth and future advertising revenue, rather than only on current profits.
The loss was calculated by comparing Meta’s market capitalization before and after the trading session. It was not the same as a cash payment or accounting charge. The record was notable because it exceeded previous single-day losses suffered by other giant technology companies.