Facebook Stock Surges Following Judge's Dismissal of FTC Complaint

Facebook Stock Surges Following Judge's Dismissal of FTC Complaint

Facebook Stock Surges, Following Judge's Dismissal of FTC Complaint.

Facebook Stock Surges, Following Judge's Dismissal of FTC Complaint.

On June 28, Facebook's market value exceeded $1 trillion for the first time.

Mashable reports the milestone was reached after a judge dismissed an FTC complaint that would have forced Facebook to sell Instagram and WhatsApp.

Mashable reports the milestone was reached after a judge dismissed an FTC complaint that would have forced Facebook to sell Instagram and WhatsApp.

According to Google Finance, Facebook's stock price spiked roughly 4% following news of the court's decision, ending the day at $355.64.

As a result, Facebook's current market cap is $1.01 trillion.

Compared to other tech giants, Alphabet is valued at $1.67 trillion, Amazon at $1.74 trillion.

Compared to other tech giants, Alphabet is valued at $1.67 trillion, Amazon at $1.74 trillion.

Microsoft at $2.02 trillion and Apple at $2.25 trillion.

Microsoft at $2.02 trillion and Apple at $2.25 trillion.

Mashable points out that Twitter, one of Facebook's most direct competitors, is valued at just $54.5 billion