For the first time, Facebook’s capitalization exceeded $ 1 trillion

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For the first time, Facebook’s capitalization exceeded $ 1 trillion

30.06.2021 News

Shares of the American company Facebook rose 4.18% to $ 355.64 at the end of trading on Monday, June 28, and amounted to 1.008 trillion dollars in total value of the company.

The sharp jump in quotations is due to a court decision that rejected the antitrust lawsuit of the US Federal Trade Commission. This case could lead to the division of Facebook’s business.

“The Federal Court rejected the complaint of the Federal Trade Commission against Facebook from (the company’s monopoly position, – ed.), Saying that the agency did not provide evidence of its allegations,” – said the publication.

The court ruled that the federal authorities had not provided enough facts to prove that the company had a “60% plus” share of the social media market.

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