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Benzinga
Benzinga
Business
Alexander Voigt

How Meta Platforms (FB) Made History In An Unexpected Way

Meta Apple Inc. U.S.-listed

In September 2021, Meta Platforms Inc. (NASDAQ:FB) joined the 1 Trillion Dollar market capitalization club of U.S.-listed companies. Together with Apple Inc. (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), and Amazon (NASDAQ:AMZN), it was on the Olymp of the largest companies by market cap.

At this time, the price per share was at an all-time high at $378.81. The subsequent consolidation let the price consolidate down to $330 in unison with the overall market. But while the SPDR S&P 500 ETF Trust (NYSE:SPY) initiated another performance boost to another all-time high in November and then again in January 2022, Meta Platforms Inc. turned out to be a clear underperformer.

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