Facebook Joins The $1 Trillion Club

Facebook Joins The $1 Trillion Club

In 2012, Facebook Inc FB held its highly anticipated initial price offering with the company valued at around $100 billion. Less than 10 years later, the company is now valued at over $1 trillion.

What Happened: On Monday afternoon, Facebook's stock passed the $1 trillion market capitalization for the first time in company history.

The move came as shares traded higher on the heels of a suit by the Federal Trade Commission against Facebook being dismissed

Facebook joins the $1 trillion club that currently has five other members.

Related Link: Facebook Surges To New Highs As Q1 Revenue Jumps 48%

Apple Inc AAPL and Microsoft Corporation MSFT each have market caps of more than $2 trillion, according to Assetdash.com.

Saudi Aramco, Amazon.com Inc AMZN and Alphabet Inc GOOGGOOGL have market caps of $1.9 trillion, $1.7 trillion and $1.7 trillion, respectively.

What's Next: The next two companies to join the $1 trillion club could be Tencent Holdings TCEHY and Tesla Inc TSLA, with market caps of $746 and $663 billion, respectively.

Facebook's stock closed up 4.18% at $355.64 per share.

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