To Face/Book losses of 35 lac crores
What if I told that in US Stock Market, a company lost a total of 35 lacs 25 thousand 800 crores since Sep last year in Market Capitalisation ? Yes, A loss in valuations of about 6 lac crores every month for last 6 months!!! That is about 6 times of our monthly GST collections approx.Will you not be curious to know which company it is? What if the company is a very famous one, the one least expected to suffer loses in its value... The company that owns all the 3 social networking apps below - Of course, We are talking about Meta Platforms Inc (formerly knowns as Facebook Inc.). The company has lost about 40% of Share value in last 6 month even though it has not reported even a penny loss! In this blog, we will look at why Facebook lost so much recently. The Primary reason is what we call the PE Multiples that a company commands. PE means Price to Earnings ratio and it basically gives an idea of how many times' Earnings, Market wants to pay for a company. So in the example ab