Meta Platforms recorded the largest one-day loss in market capitalization at the time, dropping about $232 billion in February 2022.
On February 3, 2022, Meta Platforms shares fell roughly 26 percent after the company reported disappointing user numbers and warned about weaker growth. The decline erased about $232 billion from its market capitalization in a single trading session, setting a record at the time.
Meta was then known for operating Facebook, Instagram, WhatsApp, and Messenger. Investors focused particularly on Facebook’s first reported decline in daily active users, competition from TikTok, and Apple’s privacy changes that made targeted advertising more difficult.
A one-day market-cap loss is an implied change in the value of outstanding shares, not a direct cash payment by the company. Such records can later be surpassed as stock markets grow and companies become larger. Meta changed its corporate name from Facebook, Inc. to Meta Platforms in October 2021.