So far, Facebook has been added to the list of companies whose value exceeds $ 1 trillion. They also became the fifth American company to cross this line. Other companies that have reached this milestone are Alphabet Inc, the parent company of Apple, Microsoft, Amazon and Google.
Shares of Facebook rose 4.2% to $ 355.64 after a favorable lawsuit dismissing a no-confidence motion filed by the U.S. Federal Trade Commission.
According to Yahoo Finance, Facebook has a market capitalization of $ 1.008 trillion.
The most prominent aspects of Facebook are Facebook, Messenger as well as Instagram, WhatsApp and Oculus. Facebook is the only US technology company to cross the $ 1 trillion mark, having crossed the threshold of its founding in the 2000s.
Facebook earns most of its revenue from personalized ads displayed to Facebook and Instagram users. Facebook also has a fast-growing hardware business that will launch products such as portal-video calling devices, Oculus Virtual-Reality Headsets and Smart Glasses in late 2021.