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Then there were five more. With today’s spike in Facebook stock, the five tech megacaps have now all surpassed the $1 trillion valuation mark.
Facebook
After a federal court judge granted the corporation’s motions to dismiss simultaneous antitrust cases filed by the Federal Trade Commission and a group of 48 state attorneys general, the company held a protest.
This is the first time that five equities in the US market had a 13-digit valuation.
Apple
(ticker: AAPL) is still the most valuable business in the world, with a market capitalization of $2.249 trillion.
Microsoft
(MSFT) has a market capitalization of $2.024 trillion.
Amazon
(AMZN) is worth $1.74 trillion, according to Google parent company Alphabet.
Alphabet
(GOOGL) has a market capitalization of $1.67 billion, whereas Facebook (FB) has a market capitalization of $1.008 trillion. Last week, Microsoft’s market capitalization surpassed $2 trillion for the first time. (The Saudi Arabian Oil Co. (2222.SR), which is not traded in the United States, is worth $1.87 trillion.) There is a significant reduction in value after the five tech stocks. No other publicly traded stock in the United States comes close to the trillion-dollar level. TenCent (TCEHY), with a market capitalization of $740 billion, is one of six U.S.-listed corporations with a market capitalization of more than $500 billion.
Tesla
(TSLA) is valued at $663 billion.
Berkshire Hathaway is a company that owns Berkshire Hathaway
(BRK-A) is valued at $632 billion.
Alibaba
(BABA) has a market capitalization of $620 billion.
Taiwan Semiconductor Manufacturing Co., Ltd.
(TSM) with a market capitalization of $620 billion, and
Visa
(V) with a market capitalization of $515 billion. On Monday, Facebook’s stock rose 4.2 percent to $355.64. Eric J. Savitz can be reached at eric.savitz@barrons.com.
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