Facebook joins the Big 4, which therefore since yesterday are the Big 5, i.e. the club of companies that have exceeded the threshold of 1.000 billion of market capitalization. It may seem strange, but the giant founded by Mark Zuckerberg and listed on the Nasdaq since 2012 was still missing. Nine years after the 104 billion IPO (the highest ever at the time), the share of the most used social network in the western world therefore benefits from a session - that of Monday 28 June - in which it gains 4,4% And thus reaches Apple, Alphabet (Google), Microsoft and Amazon. Pushing Facebook over the fateful threshold was the news of the closure of two proceedings against it in the US for violation of the rules on competition. The double appeal was presented by the US Antitrust in 2020, and for now Facebook has escaped it, even if on the front of anti-competitive practices there will certainly be new developments, after the tightening that Congress is preparing to launch against the monopoly of the tech giants.
However, Facebook had been rallying since the beginning of the year: it gained 1% from 29 January, taking advantage like all the other technology companies of the new needs dictated by the Covid pandemic. Zuckerberg's social network is thus the last big company to reach the milestone of 1.000 billion in value on the Stock Exchange, but it is also the youngest company to achieve it, given that it is just 17 years old. The first was Apple, almost 3 years ago: it was August 2, 2018 when its shares soared to a price of $207,14. To give a parameter, at that time Cupertino alone was worth the sum of the 10 largest stocks in the Paris CAC40 index: LVMH, Total, L'Oréal, Sanofi, Airbus, BNP Paribas, Kering, Axa, Vinci and Air Liquide. Apple had been listed since 1980 and in 38 years its value on the Stock Exchange had grown by 35.460%. Then in September of that year it was Amazon's turn, in the summer of 2019 it was Microsoft's turn and finally in January 2020, before the pandemic, Google also reached and exceeded the 1.000 billion threshold, through Alphabet. In the meantime Saudi Aramco also joined the club, which however is not listed on the Nasdaq.
