The shares of Menlo Park, Calif.-based social media giant Meta Platforms, Inc. (FB), which was previously known as Facebook, have been experiencing a massive sell-off since the beginning of the year. The stock has declined 29.9% in price over the past month and 38.3% over the past three months.
The former sixth-largest company in the world, with a market value exceeding $1 trillion, has been pushed out of the top 10 of the largest global companies by market value. Closing its last session at $210.48, the stock is down 45.2% in price from its 52-week high of $384.33.
