Home » Facebook joins the “trillion dollar club” after ruling in its favour in an antitrust case

Facebook joins the “trillion dollar club” after ruling in its favour in an antitrust case

by archyw

photo released, PA Media

The market value of Facebook shares exceeded one trillion dollars for the first time, after a court ruling in favor of the tech and social media giant against US regulators.

Two lawsuits from the Federal Trade Commission and a coalition of states were dismissed by a federal court, sending Facebook shares up 4.2 percent.

This raised the value of Facebook above a trillion dollars, making it the latest technology company “Big Five” to achieve this feat.

The two lawsuits accused Facebook of restricting competitors.

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