Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Facebook’s market capitalization has reached more than $1 trillion on Monday, June 28, and it was said that this is the first time that it happened. With the new record, the social media giant has now become the fifth company in the U.S. to achieve this plateau and officially joining Apple, Google, Amazon, and Microsoft in the list.
The new market cap record
Facebook went public in May 2012, and it debuted with a market cap of $104 billion. The company also suffered big losses, but it always managed to get back up.
Now, despite the controversies and lawsuits that it faces, Facebook just reached new heights with its $1 trillion closing on Monday. The shares closed up 4.2 percent at $355.64.
CNBC notes that the firm got almost all of its profits from personalized advertisements that are shown to users on Instagram and Facebook. It also has a growing hardware business where it is developing products similar to the Oculus VR headsets and smart glasses that are said to be scheduled for launch this year.
Reason for the surge
Aside from the things mentioned as to where Facebook may have sourced its earnings, it was suggested that its recent win in the anti-trust complaint filed by the U.S. Federal Trade Commission and the state attorney general may have also played a role in the market cap result.
As per CNN Business, after the federal court dismissed the FTC’s antitrust complaint against Facebook, the numbers immediately went up. The case ended up in favor of Mark Zuckerberg’s company as the court stated the agency was not able to provide evidence for its claim that FB holds monopoly power in the social networking business.
With the dismissal of the case, Facebook’s stock rose to more than 4%, which pushed its market value to more than $1 trillion for the first time. "We are pleased that today's decisions recognize the defects in the government complaints filed against Facebook," the firm said after receiving the news from the court.
Meanwhile, the USFTC’s spokeswoman, Lindsay Kryzak, said to be reviewing the judge's decision and planning what steps to take next. The outcome of the case is said to be a setback for antitrust regulators, so it has to make a wise move as a response to the verdict.
