The U.S-based tech and social media giant Facebook made history on Monday by reaching the m-cap valuation of $1 trillion for the first time ever. The tech company hit a market capitalization value of $1.01 trillion with its shares closing at USD 355.64 on Monday which were up by 4.18 percent. Facebook’s m-cap valuation makes it the fifth major U.S. company to reach the milestone after tech giants Apple, Microsoft, Amazon, and Google’s parent company, Alphabet.
Facebook, Inc. is the youngest company to join the trillion m-cap club by reaching USD 1 trillion in just 17 years since its inception in 2004. Since 2018, the stock price of Facebook has surged more than 90%.