Facebook Now Valued at $1 Trillion USD
For the first time in its history, Facebook hit over a trillion USD in market capitalization along with its divisions such as Messenger, Instagram, WhatsApp and Oculus.
The social networking giant is currently valued at $1.008 trillion USD according to Yahoo Finance after the federal court dismissed the Federal Trade Commission’s antitrust complaint against Facebook due to the lack of evidence that the company is a monopoly.
Aside from the company’s historic monumental achievement, this is also the first time that the nation’s market has five company stocks with a 13-digit valuation. Facebook joins Apple (valued at $2.249 trillion USD), Microsoft (valued at $2.024 trillion USD), Amazon (valued at $1.74 trillion USD) and Google-parent Alphabet (valued at $1.67 billion USD) on the upper ranks of today’s market close.
Facebook is one of the newest companies to have reached this pinnacle as it started out in the 2000s as compared to the likes of Google which was founded in 1998 and Apple which Steve Jobs founded in 1976.