Facebook becomes a one trillion dollar company

Facebooks stock went up by 4.2% after a federal court dismissed two lawsuits that was set to unwind Facebook’s Instagram and WhatsApp acquisitions. But after a federal judge stated that the FTC did not offer enough evidence that the company is a monopoly, the cases were thrown out.

The social media company is the fifth U.S. company to hit the milestone, joining Apple, Microsoft, Amazon and Google-parent company Alphabet.

Some of the most notable divisions of Facebook consist of the likes of Instagram, WhatsApp and Oculus.

The company’s market cap is sitting at $1.008 trillion according to Yahoo Finance, putting it over the mark for the first time in its history.

Are you excited by this news? What do you think the future holds for Facebook now that they’re a trillion dollar company?

Let us know!