Biggest Single-Day Stock Drops for Major Tech Companies

Significant product news or earnings reports can trigger massive single-day stock value declines for even the largest technology companies, impacting market capitalization.

The top 3

  1. Meta Platforms: Historic Market Cap Loss: In February 2022, Meta Platforms (Facebook's parent company) experienced the largest single-day stock market value drop in U.S. history, losing over $230 billion in market capitalization after a disappointing earnings report and a decline in daily active users.
  2. Apple: iPhone Sales Concerns Impact: Apple's stock has seen notable single-day declines, such as in January 2019 when concerns over slowing iPhone sales, particularly in China, led to a significant revenue forecast cut and a more than 9% stock drop, wiping over $60 billion off its market value.
  3. Amazon: Post-Earnings Plunge: Amazon has also faced substantial single-day stock plunges, including an 11% drop in April 2022, wiping over $160 billion off its market value, after reporting its first quarterly loss in seven years and its slowest revenue growth in over two decades.

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