Society's Child

Facebook's market value surpasses $1 trillion for the first time

Sara Fischer
Yahoo! News
Mon, 28 Jun 2021 21:47 UTC

Facebook's market value surpassed $1 trillion for the first time Monday, after a federal judge dismissed an antitrust complaint from the Federal Trade Commission. The move pushed shares up nearly 5%.

Despite a record level of regulatory scrutiny, Facebook's value continues to soar. The company has experienced enormous growth over the past year, as more people turned to its services to communicate and shop during the pandemic.

Facebook joins just a small handful of other companies that have recently joined the $1 trillion club. Apple, Alphabet, Microsoft and Amazon have surpassed $1 trillion in market value in the past few years.

Comment: More from Stamford Advocate:

Facebook , the company founded by Mark Zuckerberg , surpassed a trillion dollars in its market capitalization. After winning an antitrust lawsuit, shares in "the social network" rose 4.2 percent.

After a US judge dismissed federal and state antitrust complaints against the company, its stock traded at $ 355.64, the highest level in two months.

This is how Facebook became the youngest company to reach the 13-figure milestone, just 17 years after its founding. The company was founded by Zuckerberg in 2004 at Harvard University.

This fact comes three years after Apple.Inc became the first company of American origin to reach the 13-digit valuation. Right now, four other US firms also have a value of this type, among them is the parent company of Google , Alphabet , Microsoft , Amazon.com , and Facebook .

Shares of "the social network" rose 30% this year, amid people's need to stay connected with family, friends and coworkers.

Reader Comments

life · 2021-06-30T12:39:15Z

Data's handlers must be very proud.

bj0311 · 2021-06-30T13:39:50Z

Absolutely amazing that something with zero substance and no redeeming value could be worth so much.

Rowan Cocoan · 2021-06-30T16:29:18Z

The markets are more manipulated now than ever before.

R.C.

JTF Truth · 2021-06-30T17:53:29Z

Rowan Cocoan Automated trading drives a lot of the market. It's not a free market either, even though they say it is. One thing that should be taxed is the market. Should be a 10% tax on each trade.

Rowan Cocoan · 2021-06-30T19:03:42Z

JTF Truth Interesting idea. Certainly, in our current world, that would make sense in helping control the scum, which is all the more reason it will never occur. RC

slbeaudry · 2021-06-30T23:20:36Z

Why? Why are people still using it? I just don't get it... 🤦‍♂️

Rowan Cocoan · 2021-07-01T00:07:24Z

slbeaudry If I started asking why more than I already do . . I'd be singing along with that which hated from the very first instant I ever heard it. [Link]
I don't get all this either. I long ago came up with an investment strategy* on all of this though (and I'm not joking.) As re all things 'modern' and 'media' or 'internet' or 'online', decide what you would do as a rational investor, do the opposite, take your profit early and get out.

RC

*I seem to recall, right here, BBub and myself speaking about the illogicity and inanity of twatter, and look where it's gotten us.

Thus, seek the wisdom of the ages (at least as paraphrased)

'Inanity of inanities; all is inanity.' RCclesiastes.

JTF Truth · 2021-07-01T00:14:06Z

Rowan Cocoan & slbeaudry

I remember, as a child in school, someone would bring something so stupid and silly to school and the next thing you know everyone had to have one. I wasn't one of those kids who had to have one and now all of those kids are on FB and twatter, etc. Hmmmmm

Rowan Cocoan · 2021-07-01T00:26:13Z

JTF Truth You're obviously a SOTTite/SOTType. My question, is it nature or nurture?

To me (and as I've felt for my entire life - and even as I've learned more - I really haven't changed) it has always felt more like the former and the folks I've met here and other places have mostly said things like, 'although it is clearly a multifactorial thing, I've pretty much always been this way' is 'the innate, and natural cry of the SOTType.'*

RC

*You can see them on the wing when you look for them (they're the ones out there, refusing the airline's demands that they wear a face diaper. . . )

rc

slbeaudry · 2021-07-01T00:29:52Z

Rowan Cocoan well, yeah, but I mean Facebook made sense for a minute, it was like hey we can connect with people and you know it sinks in at some point, I guess that it's just being used against you/us, instead of being a proper tool for networking it becomes a tool actually against the people, but why at this point are we still using it!?! it's sort of like I get that at the outset of covid it was scary for a lot of people but as the information and the data comes in then why why are we doing this? this is the question

slbeaudry · 2021-07-01T00:31:54Z

slbeaudry WTC 7 you know it took a bit to sink in and when you get it you can't unsee it same thing with covid but now all these people still running around masked, there are no mask mandates and they're running around with face diapers.... I really want to believe in humanity but I'm having a hard time keeping the faith... I stopped using Facebook years and years ago and I thought a lot of people were dropping off of it but now it's worth a trillion dollars? Oy vey

Rowan Cocoan · 2021-07-01T00:34:57Z

slbeaudry Why are we (humans) doing this? I don't know and all I can say, witnessing all of these illogicities is to repeat:

'Inanity of inanities; all is inanity.' RCclesiastes.

It IS sad and frustrating as hell.

RC

slbeaudry · 2021-07-01T00:36:59Z

Rowan Cocoan you know that I don't like your inanities quotes.. I guess I would prefer insanity or the watiku virus etc it's not inanity, per se, it's insanity and it's contagious it's some kind of psychological illness

JTF Truth · 2021-07-01T00:49:30Z

Rowan Cocoan Nature with a bit of nurture. It's a different sense of being I guess, I can't explain it. My nature has always been different than my friends and those I love. Out of all my friends and loved ones, I'm the only one not buying the BS right now, my wife has an awareness on topics, she finds questionable, but considers what I read about as being destructive mind rot. It was only becasue I could identify, with people here making comments, that I took my first step to making posts after keeping my mouth shut a long long time.

I've always been this way, I hated the brainwashing of school yet, I was a keener. I just wanted to get it done and overwith and not look like an idiot for my parents. I dropped out of engineering after I saw and experienced how the world really worked. It's not what you know....but where you fall on the bell curve and the queue to be pushed out. Probably didn't help when I verbally embarrassed the Register in front of a couple of hundred people, but I hit my limit and he got, both barrels that morning.

But I've always had a different sense of being, than those around me. I like to be aware when I don't look like I'm aware.

Rowan Cocoan · 2021-07-01T01:00:35Z

slbeaudry No, I've forgotten that was you. I will try to never use it in any of our replies to each other.

Frankly, for me, it's an effort at levity at what I feel to be these beyond insanity to inanity times (contra vanity, which is a sad part of the human condition and to be aspired upward from)

No worries, I hope.

Oh, BTW, my question which JTFT just answered with this:

It's a different sense of being I guess, I can't explain it. My nature has always been different than my friends and those I love. . . etc.

You? Thanks!

RC

Oh, I see that you've commented infra, and I'm still using the edit button, but the part of the bible (Old T.) I love the MOST is Ecclesiastes; he knew what he was talking about! (It is not yet 20 years since I first read it when I saved lots of first edition books from the trashman - including a mentor's Combat Bible from ~ 1945 - 50.

rc

slbeaudry · 2021-07-01T01:01:31Z

Rowan Cocoan no worries. I go a bit over the top sometimes you can be RC Ecclesiastes if you want 🙃

Drama. Both sides being western funded it's difficult for me to feel sorry for either one. Robbing Peter to pay Paul with U.S. tax dollars.

Baybars

This is nuts seeing Professors arrested and snipers on roofs of Universities ! History repeats itself !

Gator

Just like, the debt of the Federal Reserve is not owned by the States nor the citizens of said. ~ Tavern is open - what is your pleasure?

Buffalo_Ken

Unfortunately the "States" mentioned have decided to secede - so this vote is null and void.

Buffalo_Ken

"I proposed three major principles: mutual respect, peaceful coexistence, and win-win cooperation. They are not only a summary of past experience,...

Dwoods44

Society's Child

Facebook's market value surpasses $1 trillion for the first time

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