The stock market’s value has fallen over the past few years, as Wall Street analysts have become more bullish on the tech giants than the rest of the world.
And now YouTube’s valuation has been hit by a $5 billion valuation drop.
The stock was valued at $46 per share in 2015, and has since fallen to a low of $36 per share today.
YouTube has been losing money for a long time.
In 2013, the company reported that it lost $2.5 billion.
In the past year, the tech company has been cutting costs and shedding employees, with the result that it’s now losing $3.4 billion.
In 2016, it reported that its revenues fell $5.5 million in the second quarter.
In recent years, YouTube has had a difficult time finding enough content creators to keep it afloat.
YouTube is trying to improve its business model, and some have suggested it’s time for it to go public.
It’s worth noting that YouTube does own some content, including some of the premium sports channels it has been using as revenue generators.
As the Wall Street Journal points out, it’s not the first time YouTube has struggled to find content creators.
In 2014, it announced it was eliminating a lot of its content.
And in 2017, the stock was trading at a high of $57.50.
The company has also had trouble finding new investors to support its business.
The company has a bad track record of raising money, and it was the third-most-valued company in the S&P 500 for a number of years.