Nepal Breaking NewsWorldFacebook surpasses $1 trillion in market capitalization for the first time, becoming...

Facebook surpasses $1 trillion in market capitalization for the first time, becoming the fifth US company to do so

Must Read
spot_img

For the first time, ’s market capitalization has surpassed $1 trillion, it the fifth US company to do so. In terms of total market value, Facebook lags behind Apple, Microsoft, Amazon, and Alphabet (parent company of Google).

Following the ruling in favor of Facebook in the two antitrust lawsuits, the stock rose 4.2 percent to close at $355.64. This gives the company a total market capitalization of $1.01 trillion. Apple and Microsoft have already surpassed the $2 trillion threshold.

Facebook issued shares in an Initial Public Offering (IPO) in 2012, with a market value of $104 billion. It primarily earns money from advertisements on its platform, as well as from the social networks and Whatsapp (that it owns).

 

You May Also Like:

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

Is Pi Coin / Pi Network the next huge thing in Crypto World?

Money has evolved and changed shape over time. Today, digital currencies are best suited to the needs of the...

More Articles Like This