Meta Sees Biggest Fall In Value Ever; A Brief Look At The Company's History

Meta (erstwhile Facebook) took a 26.4 percent hit in its shares after disappointing results in the last quarter. The company saw its stock market valuation dip by $230 billion (roughly Rs 17.17 lakh crores) in a record daily loss for the US-based company. This came as the company's daily active users dropped for the first time in the last 18 years since the company's inception. This, according to Bloomberg's Billionaired Index, led to CEO Mark Zuckerberg's net worth drop to $31 billion. As Facebook saw its largest value drop since it was founded in 2004, let us take a look at the company's history, in photos. (Image Credit: News18)

In 2004, Facebook (then called thefacebook) was founded by Mark Zuckerberg, Dustin Moskovitz, Eduardo Saverin, and Chris Hughes. (Image Credit: News18)

In December 2004, Facebook hit 1 million users. (Image Credit: News18)

In 2005, thefacebook changed its name to just Facebook. (Image Credit: News18)

In 2006, Facebook went mobile for the first time. (Image Credit: News18)

By July 2010, Facebook had over 500 million daily

In 2013, Facebook acquired Atlas, WhatsApp, and Oculus. (Image Credit: News18)

In 2018, Facebook faced its biggest lawsuit that involved a political consulting firm named Cambridge Analytica. (Image Credit: News18)

In May 2019, Facebook shareholders voted to curtail Mark Zuckerberg's power within the company. (Image Credit: News18)

In 2020, Facebook acquired Gihpy and the company's market value exceeded $1 trillion for the first time. (Image Credit: News18)

In late 2021 (October), amid all the lawsuits, Zuckerberg changed the name to Meta." (Image Credit: News18)