Monday June 28, the media The Verge reports that Facebook, Mark Zuckerberg’s firm has surpassed the base of $ 1 trillion valuation on the New York Stock Exchange. Other giants have already exceeded this milestone, including Apple, Amazon, Microsoft and Alphabet.
Facebook crosses the $ 1,000 billion mark
Last Monday, the price of Facebook recorded a huge increase on Wall Street. The stock climbed 4.18%. The American firm has just joined the club of companies worth more than $ 1,000 billion on the stock market, which also includes the Apple brand, Microsoft and the e-commerce giant Amazon.
As a reminder, the action of the social network jumped a few seconds after the announcement of the rejection of two complaints filed in 2020 accusing Facebook of anti-competitive practices.
On Tuesday, June 22, it should be noted that Microsoft became the second listed firm to reach $ 2 trillion in capitalization on Wall Street. Apple also took this step last year.
Facebook joins a very closed club
Since the start of 2021, the shares of the American firm have continued to increase. It seems that Zuckerberg’s company has taken advantage of the Covid-19 pandemic. In this period, millions of people around the world use the group’s social networks on a daily basis.
After only 17 years of existence, Mark’s firm has just joined the most exclusive club of companies worth more than $ 1,000 billion on the stock market.
As a reminder, the Facebook network seems out of steam. However, the group has managed to develop. How? ‘Or’ What ? By buying competing applications, including Instagram in 2021 and WhatsApp in 2014.
Note that the American company is today at the center of several criticisms concerning the protection of the personal data of its users.