Yes, you read it right. That's the Valuation of Facebook right now. Facebook has hit for the first time, $1 trillion in market capitalization.
Facebook has become the youngest company ever to reach a $1 trillion valuation. It has also become the fastest company to reach a $1 trillion valuation.
The main reason is considered to be, That Facebook stock spiked in late-day trading aided by a favorable legal ruling which dismissed the antitrust complaint brought by the FTC.
The social-media giant’s stock has advanced 30% this year. It’s now the 5th U.S. tech company to hit a 13-figure market,
Other Companies that are already over $1 trillion valuations are,
1) Apple - $2.05 Trillion
2) Microsoft - $2 Trillion
3) Amazon - $1.74 Trillion
4) Google - $1.67 Trillion
And now Facebook has joined this league.