For the first time, Facebook’s market capitalization has surpassed $1 trillion, making 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 May 2012, with a market value of $104 billion. It primarily earns money from advertisements on its platform, as well as from the social networks Instagram and Whatsapp (that it owns).