For the first time, Facebook’s market valuation has topped $1 trillion, making it the fifth US firm to do so. In terms of overall market value, Facebook lags Apple, Microsoft, Amazon, and Alphabet (parent company of Google).
Following the verdict in favour of Facebook in two antitrust lawsuits, the stock rose 4.2 percent to close at $355.64 per share. The corporation now has a market capitalization of $1.01 trillion. Apple and Microsoft have already surpassed the $2 trillion milestone in market capitalization.
Facebook released stock in an Initial Public Offering (IPO) in May 2012, with a market value of $104 billion. It makes money mostly through adverts on its platform, as well as from the social media platforms Instagram and Whatsapp (that it owns).