Meta's market capitalization is approaching $1 trillion

At present, the company's stock is valued at $966.60 billion. Last year, its market capitalization grew by 200%.

If Meta reaches the $1 trillion mark, it will join a group of companies including Apple, Alphabet, Microsoft, Amazon, and Nvidia. Currently, Microsoft leads with a market capitalization of $2.93 trillion.

In 2021, Meta's market capitalization exceeded $1 trillion, but in February 2022, the company experienced its largest single-day stock price drop. To reduce expenses, a large-scale layoff was conducted, and 2023 was declared as the "year of efficiency."

Source: businessinsider.com