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Facebook Stock Surges Following Judge's Dismissal of FTC Complaint

2021-06-29 32 Dailymotion

Facebook Stock Surges, Following Judge's <br />Dismissal of FTC Complaint.<br />Facebook Stock Surges, Following Judge's <br />Dismissal of FTC Complaint.<br />On June 28, Facebook's market value exceeded $1 trillion for the first time.<br />Mashable reports the milestone was reached after a judge dismissed an FTC complaint that would have forced Facebook to sell Instagram and WhatsApp.<br />Mashable reports the milestone was reached after a judge dismissed an FTC complaint that would have forced Facebook to sell Instagram and WhatsApp.<br />According to Google Finance, Facebook's stock price spiked roughly 4% following news of the court's decision, ending the day at $355.64.<br />As a result, Facebook's current market cap is $1.01 trillion.<br />Compared to other tech giants, <br />Alphabet is valued at $1.67 trillion, <br />Amazon at $1.74 trillion.<br />Compared to other tech giants, <br />Alphabet is valued at $1.67 trillion, <br />Amazon at $1.74 trillion.<br />Microsoft at $2.02 trillion<br />and Apple at $2.25 trillion.<br />Microsoft at $2.02 trillion<br />and Apple at $2.25 trillion.<br />Mashable points out that Twitter, <br />one of Facebook's most direct competitors, <br />is valued at just $54.5 billion

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