Meta Platforms, formerly known as Facebook and representing the first company of the FAANG group of stocks is facing the heat with its share price down to levels seen during the Covid-19 pandemic. In 2022, the share has lost 56% in value and is close to its Covid-19 lows. On March 16, 2020, Meta's stock price touched a low of $146.01. On Monday, Meta closed at $148, a level last seen in March 2020 when the markets witnessed the big crash.