Investment Facebook’s stock market crash is historic, but huge daily losses have been seen before – HS beat major companies’ sharpest plunge

Thursday was historically grim for technological waste. At that time, two of the biggest stock market crashes of all time were seen if the plunge was measured by the daily decline in market value.

The sharpest was the plunge of Facebook’s parent company Meta. The company’s market capitalization was $ 230 billion a day, or about $ 200 billion. The market value describes the total value of the company’s shares.

The plunge is significant, as more than a quarter of Meta’s market value melted in a day. Now the company is worth $ 659 billion.

The drop impoverished the investor. One of those who lost money was Meta’s CEO Mark Zuckerberg, whose assets shrank by more than $ 30 billion a day.

Read more: Facebook collapsed on the stock market, and investors instantly lost more than $ 200 billion – is this a warning of the future?

The collapse of Meta was unique in its size class, but the one-day sharp price movements of large technology companies are not exceptional.

HS collected the worst dips for big technology companies. Included are Apple, Microsoft, Google’s parent company Alphabet, Amazon, Tesla and Meta. Together, they account for more than a quarter of the value of the S & P500, one of the most important equity indices in the investment world.

Apple, market value of $ 2,813 billion

Let’s start with the most valuable company in the S & P500 index, which follows the big US companies.

Measured in dollars, Apple’s biggest plunge was seen in September 2020. That’s when the value of the company melted at a maximum of nearly $ 180 billion during the day.

At that time, nothing strange was found to be the cause of the plunge. The rush hit quite ordinary Thursdays.

“The economy has not received any new alarming data on Thursday that would explain the sharp fall in stock prices. Therefore, it is very difficult to estimate the reason for the decrease in prices. Maybe the market is really just taking a breather, as stocks have risen a lot, driven by a number of technology companies, ”said Danske Bank’s chief strategist. Valtteri Ahti In the HS news.

As a percentage, the worst one-day price drop in Apple’s history was seen in September 2000.

The company at the time released a result that fell short of market expectations. The company’s main business was still computers at the beginning of the millennium. Their sales in September 2000 were lower than expected. The market reaction was sharp and the share plunged as much as 52 percent a day, according to data service company Refinitiv.

Apple’s valuation at that time was significantly lower than it is today. Thus, “only” $ 9 billion of the company’s market capital was melted during the day.

Microsoft ($ 2,293 billion)

Microsoft is the second most valuable company in the S & P500. It has the image of a less cool cousin than Apple. Perhaps that is why Microsoft’s price movements have also been moderate compared to Apple.

The biggest price drop in Microsoft’s history was seen in April 2000. At the time, the stock of the world’s largest software company dived 15.6 percent a day and instantly lost $ 64 billion in market capitalization. The collapse was due to a worse-than-expected forecast for 2000, as well as heightened rumors that the U.S. Department of Justice is tilting to split the company.

At most, the company has lost $ 178 billion in one day. This happened at the time of the corona pandemic in March 2020.

Alphabet ($ 1,892 billion)

Google’s parent company, Alphabet, also saw its biggest price drop on Monday, March 16, 2020. At the time, investors frightened by the coronary virus were selling shares in a panic.

Alphabet’s share price fell 11.6 percent during the day. The company lost $ 95 billion a day in market value.

Amazon ($ 1,598 billion)

Jeff Bezosin the gloomy stock market day for the creation so far was seen at the end of July 2021. The company’s stock price plunged 7.6 percent and the market value melted at nearly $ 138 billion a day.

The reason for the collapse in the share price was the announcement of results.

The company’s turnover fell short of forecasts. Chief Financial Officer Brian Olsavsky accused it of coroner vaccinations that gave people the confidence to operate again in the real world instead of online platforms.

The second worst day for the company was Thursday. At that time, nearly 120 billion of the company’s market capitalization disappeared.

Tesla (927 billion)

In the case of the electric car company Tesla, the stock market movements are, among other things, the company’s leading image Elon Muskin due to the electric tweet finger quite common. Illustratively, the company’s market capitalization has risen or fallen more than $ 50 billion a day, nearly 30 times.

Measured in terms of company value, the biggest slump was seen in November 2021. At the time, the news site Insider told the investor Michael Burryn a tweet about Elon Musk’s personal loans.

Insider said Burry, who became known for The Big Short, wrote in his tweet that Mes, CEO of Tesla, wants to sell his holdings in Tesla to reduce his debt burden.

Burry’s tweet and the news that spawned it had a drastic consequence. The value of Tesla melted down $ 140 billion a day and the share price fell 12 percent.