Facebook’s market cap zooms past $1trillion for 1st time. Here’s why

Mark Zuckerberg’s Facebook has become the fifth US company to reach the milestone. Some other companies that have already crossed the milestone are Apple Inc., Microsoft Corp, Amazon Inc. and Google’s parent company Alphabet Inc.

US social media giant Facebook’s market capitalisation has zoomed past $1 trillion for the first time. Facebook shares climbed more than four per cent on Monday, following which the company’s market cap stood at $1.008 trillion. Mark Zuckerberg’s Facebook has become the fifth US company to reach the milestone. Some other companies that have already crossed the milestone are Apple Inc., Microsoft Corp, Amazon Inc. and Google’s parent company Alphabet Inc.