According to the sources, on Monday Facebook has become the 5th technology company to exceed $1 trillion dollar in market. Previously Microsoft, Amazon, Apple & Alphabet has already achieved this milestone.
Facebook jumped into the $1 trillion zone after the antitrust court victory- a judge’s notice of an FTC complaint that intended to force Facebook to sell Instagram & WhatsApp. In the current year of 2021, Facebook was efficiently going toward the achievement of $1 trillion market value, but the FTC case pushed him back and was the biggest hurdle in their way.
But after the court case victory, on Monday, the social media company’s stock price increased up to 4 % ending the day at $355.64, As per the Google Finance report.
As per the data, Facebook is the only company on this list that was started in the 2000s (2004, to be exact), Facebook’s current market value stands at $1.01 trillion while comparing the Alphabet is valued at $1.67 trillion, Amazon at $1.74 trillion, Microsoft at $2.02 trillion, & Apple at $2.25 trillion.
