Meta got bumped off world's top 20 companies' list

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Meta got bumped off world's top 20 companies' list
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Meta got bumped off world's top 20 companies' list, thanks to Zuckerberg's relentless metaverse pursuit

Meta's market cap is now around $260 billion, making it the world's 27th most valuable company. That's way behind Apple at the top of the list, Tesla in the sixth place, and Exxon in the 10th spot, according to aranking. It's also a hard fall from a market cap of just under $1 trillion at the start of the year.

On Thursday, Meta shares fell as low as $97.36, after the company reported its second straight quarterly revenue decline. Meta's stock price is down about 71% this year. Thursday's share price drop is only eight months after Meta's shares plunged 26.4% on February 3 — the

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