Facebook m-cap over $1 trillion after court dismisses antitrust lawsuits
"We are pleased that today’s decisions recognise the defects in the government complaints filed against Facebook," said a company spokesperson
Facebook m-cap touches new high after US court ruling
BusinessToday.In
Updated Jun 29, 2021, 9:16 AM IST
Facebook’s market cap zoomed past $1 trillion for the first time after a US judge on Monday dismissed federal and state antitrust lawsuits against the social media giant. Facebook’s shares rose more than 4 per cent after the ruling, pushing the company’s m-cap to new highs. As on Monday’s close, Facebook’s m-cap was at $1.008 trillion.