Meta Platforms Inc. is no longer among the top 10 most valuable companies in the world.
What Happened
As of 8 p.m. ET Saturday, Meta, with a market cap of $364.64 billion, has moved to the 11th position among companies with top market cap, data from companiesmarketcap.com shows. Visa Inc. stock is at the 10th position, with a market valuation of $374.38 billion.
Apple Inc. is the most valuable company in the world, with a market valuation of nearly $2.22 trillion.
Meta CEO Mark Zuckerberg announced plans to reorganize teams and trim headcount for the first time ever, according to a report by Bloomberg….