12:02 - 11.02.2022

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February 11, Fineko/abc.az. The market value of Meta has fallen to $600 bn.

ABC.AZ informs that on Tuesday, the market value of Meta dropped to $599 bn. This is the minimum threshold of US antitrust law. The bill was introduced in the U.S. Senate in October 2021.

The rule prohibits large technology companies, for example, from giving preference to their own services and discriminating against other companies on their platforms. If the market value of Meta falls below $600 bn, it will be able to avoid restrictions, unlike Google, Amazon and other companies.

The Financial Times, citing the opinion of the managing partner of the J Stern & Co Fund, Christopher Rossbach, writes that Meta can deliberately influence its capitalization. To do this, the company intends to lower its forecasts and exaggerate the facts about competition from TikTok and problems with Apple's new privacy rules.