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Facebook market value tops $1 trillion for first time after federal court dismisses FTC antitrust lawsuit

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Facebook just joined the exclusive trillion dollar club.
Shares of the social-media giant climbed 4.2% on Monday to close at $355.64 per …

Facebook just joined the exclusive trillion dollar club. Shares of the social-media giant climbed 4.2% on Monday to close at $355.64 per share, pushing its market capitalization above $1 trillion for the first time. That makes Facebook the fifth U.S. company to surpass the feat, joining the likes of Apple, Microsoft, Amazon and Google parent Alphabet. Facebook, which went public in May 2012, debuted with a market cap of $104 billion. The latest gains came after a federal judge dismissed antitrust lawsuits brought against it by the Federal Trade Commission and a group of state attorneys general.

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