Facebook’s parent company meta, had experienced a massive drop in its shares in recent months. After these declines, the giant company dropped back to the bottom of the list of the world’s most valuable companies. Even the company now top 10 companies was not among them.

The economic crisis that has occurred after the pandemic period continues to affect giant companies. In recent months, analysts have been examining Meta’s fall in income He had predicted it would happen. Also the company profit second quarter The results were below expectations. The company, which experienced a decline in its shares as a result of these situations, closed in a shocking manner last week.

Meta developers have a hard time fighting opponents

In recent months, economists have argued that Meta’s the shaky process at the point of online advertising, apples iOS privacy update He explained that it was quite difficult for him to keep struggling in such a challenging environment. As well as meta, advertising and privacy issues TikTok It continues to compete with social media platforms such as:

The company is also an augmented reality project. metaverse It continues to spend millions of dollars on The Metaverse project is an “exaggeration” for many experts and even some employees of the company. The company’s focus of most of its investments and personnel on the Metaverse is negatively impacting in many ways.

In addition to the economic crisis in the technology sector, the company suffered a significant loss of market share in the war against giant rivals. This year market value almost half of Some analysts who predicted the losing Meta were concerned about the company’s long-term growth. optimistic takes a stand. However, some analysts are concerned about the company’s growth and profits in this challenging environment. suspicious behaves.

The company’s shares approached the level of the pandemic

The company was known to have been in a downward trend since the pandemic. However, shares of Meta, which are expected to begin to recover, fell to levels that scared investors last week. The companies shares this week down 14% seen during the pandemic approached the lowest level.

the week for $146.29 The stock closed at its lowest level since March 2020 this decline Great technology between the shares biggest drop and the Nasdaq Composite more than doubled the decline. Company shares during the year from 60% overrated it happened.

Shares, which have fallen for five days in a row, are very close to the decline experienced in the early days of Covid-19. Stock prices on March 16, 2020 are only 28 youshares traded on t, 146.01 your dollar If it falls below, it will hit its lowest level since January 2019.