Facebook’s market value surpassed $1 trillion for the first time on Monday, making it the sixth U.S. digital corporation to do so.
Throughout 2021, Facebook has been steadily approaching the $1 trillion mark, but the news that finally drove it over the top was a judge’s dismissal of an FTC complaint that sought to force Facebook to sell Instagram and WhatsApp.
According to Google Finance, the social network company’s stock price increased by almost 4% on Monday due to the announcement, ending the day at $355.64.
The current market capitalization of Facebook is $1.01 trillion. Alphabet is worth $1.67 trillion, Amazon is worth $1.74 trillion, Microsoft is worth $2.02 trillion, and Apple is worth $2.25 trillion. Twitter, Facebook’s most direct competitor in some aspects, is “only” worth $54.5 billion.
If you counted Alphabet from its start in 1998, Facebook is the only company on this list created in the 2000s (2004, to be exact). This will change if Tesla, which was formed in 2003 and is presently valued at $663.5 billion, can achieve the same feat – which it came close to doing in January 2021.
