Meta's market cap fell below $600 billion, down 35% so far this year.

The U.S. Stock Research Agency learned that according to the news of the Titanium Media App on February 9, local time on Tuesday, the stock price of Facebook's parent company Meta fell by 2.1% to $220.18 per share, and the company's market value fell to $599.3 billion.

Over the past week, huge declines have left the company behind chipmaker Nvidia in market capitalization. It's important to note that Meta previously joined Apple, Microsoft, Amazon, and Alphabet among the five most valuable companies in the U.S. The stock has fallen 35 percent so far this year and is currently at its lowest level since July 2020. On Tuesday, Meta's market capitalization fell below $600 billion to $599 billion for the first time since 2020, while Nvidia rose to $627 billion. It is reported that Nvidia will announce its fourth quarterly earnings report next week. Previously, Meta also announced the fourth quarter of 2021 financial report, in which the Meta Meta-Universe business "Reality Lab" division in 2021 operating loss of more than $10 billion. Its stock price has been falling since the release of its fourth-quarter earnings report, and the stock plunged 26% last Thursday due to its first-quarter performance forecasts that were lower than market expectations, the largest market value decline in the history of the U.S. stock market.