Saturday, January 28, 2023
HometechnologyFacebook closes above $1 trillion market cap for the first time

Facebook closes above $1 trillion market cap for the first time

  • Facebook has hit $1 trillion in market capitalization.
  • Facebook stock spiked in late-day trading aided by a favorable legal ruling that dismissed an antitrust complaint brought by the FTC.
  • The social media company is the fifth U.S. company to hit the milestone, joining Apple, Microsoft, Amazon and Google-parent company Alphabet.

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