Meta Platforms recorded the largest one-day market-capitalization loss in history in February 2022.
Meta Platforms lost about $232 billion in market value on February 3, 2022, after the company reported disappointing user-growth figures and gave weaker-than-expected guidance. The decline followed a sharp fall in its share price and was measured across the company's outstanding shares.
At the time, Meta was still known publicly through its former corporate name, Facebook. The company changed its name to Meta Platforms in October 2021 to emphasize its focus on virtual and augmented reality, while Facebook remained the name of its social-networking product.
The event is different from the largest percentage loss in a stock's history. A large company can lose more dollars in market value than a smaller company even when its percentage decline is lower. The record is therefore expressed in absolute market-capitalization dollars.