With annual advertising revenues at over $100 billion and some of the world’s most popular social media platforms like Facebook and Instagram in its portfolio, there’s no question Meta is one of the biggest tech companies in the world. 

But how much is Meta worth? Here’s a breakdown of Meta’s market valuation in recent years.

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Meta’s market value

According to a recent report, as of September 2023, Meta’s market capitalization is $562.2 billion. This makes it the world’s ninth most valuable company in terms of market value and marks an increase of $16.8 billion from the end of 2022.

Looking at Meta’s market cap over time, the company’s value has mostly been increasing over the past decade. In 2012, the market cap of Meta was $63.1 billion. This more than doubled in 2013, to $139.2 billion. This was also the largest annual increase between 2012 and 2023.

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Four years of growth followed at an average annual growth rate of 39.7% to bring Meta’s market cap to $512.8 billion in 2017, surpassing a market value of half a trillion dollars for the first time.

In 2018, Meta’s valuation fell by 27%, to $374.1 billion. This dip was attributed to the company’s announcement of its slowest-ever user growth rate following the Cambridge Analytica scandal involving data breaches. This resulted in Meta’s share prices falling by 19% and a loss of $120 billion in the company’s market value in just one day. Meta closed out the year with a company value $138.7 billion lower than in 2017.

Meta’s market cap rebounded in 2019, to $585.4 billion. Not only was this a 56.5% increase from the previous year, it was also the company’s then-highest market valuation. Two years of growth followed, as Meta’s value rose by 32.9% and 20.3%, to $778 billion and $935.6 billion in 2020 and 2021, respectively. 2021’s figure was also Meta’s highest market cap between 2012 and 2023. 

2022 saw Meta’s market cap fall by 41.7%, to $545.4 billion—the company’s lowest valuation in four years. Industry analysts say this was a result of economic uncertainty, soaring inflation rates, and an overall volatile stock market, all of which affected tech companies.

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