On Monday, June, 28, Facebook’s valuation rose over a trillion dollars, reaching $1.008 trillion as of market close.
Facebook is the social network of all social networks. The company that also owns Instagram and WhatsApp is now valued over a trillion dollars for the first time in its history.
Facebook is joining the very exclusive club of tech companies that have passed the $1 trillion valuation mark. Among them are Google (alphabet) and Apple of course. But Facebook, is the only US tech company passing the $1 trillion valuation, that was founded in the 2000s (Google was founded in 1998, while Alphabet, which owns Google was founded in 2015.)
Facebook’s stock rose significantly on Monday after the FTC’s case to unwind Facebook’s Instagram and WhatsApp acquisitions was dismissed by a federal judge who rules that the FTC did not offer enough evidence that the company is a monopoly.
There was no news as to why organic reach continues to plummet…. 😂