More pain for Facebook and Nvidia

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Facebook (META) and Nvidia (NVDA) two of the flagships of technology, seem to be going through a real ordeal.

Both companies lost tens of billions of dollars in market capitalization during the trading week ending Sept. 16.

The consequences are huge for these two companies that have just been removed from the top 10 most valued companies in the world.

The networking giant Facebook, now called Meta Platforms, is only a shadow of what it was a year ago. Indeed, on September 7, 2021, Facebook joined the prestigious club of companies worth at least $1 trillion with a market cap of $1.078 trillion that day.

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