![Meta Platforms Inc. Sheds More than 60% in Value amid Declining Metaverse Market](https://metanews.com/wp-content/uploads/2023/01/00967D4F-C259-499B-B9DF-DCD02FEB2E2F-300x169.jpeg)
Meta Platforms Inc. Sheds More Than 60% in Value Amid Declining Metaverse Market
Meta Platforms Inc., the parent company behind Facebook, Instagram, Messenger, WhatsApp, Meta Quest, Workplace, Mapillary, and Horizon Worlds lost more than 60% of its valuation in 2022, TradingView data showed. The plunge in market valuation has reduced METAs capitalization by over $500