Nvidia overtakes Meta as the seventh-largest U.S. company. So... is Facebook in trouble? - SoyaCincau

According to Dow Jones Market Data, a reshuffling among the ranks of the “most valuable U.S. companies” reflects Nvidia’s ascent over the past few years, with a market value of USD 618.2 billion. There’s also a drop with Meta, as the company closed with a market value of USD 612.2 billion. Shares of Nvidia ended up 1.7%, while Facebook’s stock lost 5.1%.

Nvidia is currently the world’s second most valuable chipmaker. Back in September of 2020, Nvidia announced they’re buying over the UK-based chip designer ARM Holdings from Japan’s Softbank for USD 40 billion—before the company announced in January that it . It was also the 15th-largest U.S. company as of a year ago and the 50th largest as of two years ago. This is the first time that the company is able to overtake Meta.first time in its 18-year history.

According to Meta’s CEO Mark Zuckerberg, it’s because of “apps like TikTok” that are “growing very quickly”. But there are speculations that the whistleblower allegations—revealing that the Facebook algorithm is used easily to spread hate, violence, and misinformation—are a huge part of why their users have dropped.

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