Which company recorded the largest one-day market-cap loss at the time in February 2022?

Meta Platforms recorded a roughly $232 billion one-day market-cap loss in February 2022.

Meta’s shares plunged after the company reported disappointing user-growth figures and warned about competitive pressure, including the rise of TikTok. The sell-off erased approximately $232 billion from its market capitalization in one trading session, then the largest such loss recorded for a U.S. company.

Meta was known as Facebook until it adopted its new corporate name in October 2021. The name change reflected its broader focus on social platforms, virtual worlds, and the metaverse, but the company continued operating major services such as Facebook, Instagram, and WhatsApp.

The figure describes a change in market value, not money removed from Meta’s bank account. It is also different from a company’s largest percentage decline: a very large company can lose more dollars even when another company suffers a larger percentage fall.