7 Huge Corporations That Have Seen Their Valuations Plummet (PHOTOS)

A little more than a year after the financial crisis took hold, most of our 401Ks are still reeling. Since its peak in 2007, the Dow Jones Index is down about 35 percent.

But, in the last few years -- and in the last decade -- more than a handful of huge corporations have seen their valuations plunge at an even greater rate. Consider the fates of the seven household names we've compiled below, who've seen enormous drops in their reported valuations or market caps.

Among them are some very well-known former titans -- Citigroup, for one -- and media giants like The New York Times and the recently-sold BusinessWeek. Though some of these companies are now wards of the state, others like Palm are being reinvigorated around new products. Which company will make it back to the top? Check out our slideshow and vote below.

Citigroup: A 64 Percent Drop In Market Cap Since 2006

In 2006 Citibank's market cap stood at $277.7 billion, but after posting losses of almost $21 billion over four quarters, the government stepped in last year to aid the ailing financial services company with $45 billion of bailout money. By March 2009, the company's market cap had fallen to just $5 billion, and by the end of last month, it had crept back up to $98.36 billion.

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Comments

[NO more Bonus]

Due to Obama's inability to create an effective jobs program the only beneficiaries of this recovery is Wall Street- the same it's been since the 80's. FDP knew how to make work, but Obama doesn;t or chooses not to.

good articles; http://financeopinionss.blogspot.com
because of this he may lose in 2012.

[PhilipTaylor]

TWO CORPORATIONS THAT HAVE RECEIVED MASSIVE BENEFITS: Government + BUYING LOW!

1. G0LDMAN, AUTOMATED THEFT AND REVOLVING DOOR MANIPULATORS

2. JPM, DERIVATIVES SCAMMING AND PROFIT SKIMMING MANIPULATORS

[jerrypl]

This is only the beginning. The US consumer is dried up and will never resume the excessive spending that went on a few years ago, therefore corporate valuations will see big declines. Be prepared for massive layoffs all throughout 2010.

http://eye-on-washington.blogspot.com

[4TJefferson]

Never say never. Remember the roaring '20's.

[twistedknickers]

2007 was the Roaring 20s. 2008 was 1929, 2010 will be 1931, etc. While the rest of the world's economies are slowly recovering thanks to newly-enacted regulations, ours continues to falter.

[nopilikia]

Time changes all things. Of the original Dow (12) then (30) only GE remains. I sure this list will change many times in the coming years.

[gabberwok]

Facebook was never actually worth $15 billion, Microsoft just bought a small fraction of the company at an elevated price to keep Google away.

The Palm Pre has the potential to be a great phone, but it came too late to save Palm.

[BuffettBIllionaireNextDo]

good articles: http://financeopinionss.blogspot.com