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Meta, formerly Facebook, is no longer one of the world's top 10 most-valuable companies
After its stock rout this year, Meta is no longer one of the world's 10 most-valuable companies. Meta's share price is down about 40% year-to-date after the company reported two weeks ago that Facebook's daily active user base shrank for the first time ever. The social media platform lost about one million users from the third quarter to the fourth quarter of 2021.