Facebook just keeps on getting bigger, better – and richer. As a matter of fact, today Facebook is worth a lot more than companies who have been around for decades! According to the Quartz report, Facebook is officially worth more than “Coca-Cola, Disney, Intel, Merck, AT&T, Citigroup, Bank of America and Amazon.com.”
And to even take it a step further, the social networks’ Q2 2014 earnings were announced last week, beating Wall Streets’ expectations, which made Facebook’s stock rocket in value, reaching an all-time high of $76.74. Though at the moment, Facebook’s total market value is an astounding $193.12 billion. Think that’s crazy? Over the last year, their shares have grown 118 percent(!), making it the best performing company on the S&P 500 (S&P 500, or the Standard & Poor’s 500, is a stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ).
After having transformed their desktop and mobile features, acquiring Whats App, Oculus Rift and other huge entities, they are bound to become the worlds’ most valuable company as the upward growth continues.
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