Meta stock

Meta was the sixth biggest US company by market capitalization at the start of the year, flirting with a $1 trillion market value.

so Meta faces the risk of being the next-generation fossil.” [Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The company said Wednesday it expects total expenses for this year to be $85 billion to $87 billion. That’s the biggest wipeout in market value for any US company ever. “Meta remains too aggressive with its investments in long-term initiatives despite a sharp deceleration in expected revenue growth,” said Mandeep Singh, an analyst at Bloomberg Intelligence. Meta was the sixth biggest US company by market capitalization at the start of the year, flirting with a $1 trillion market value.