Facebook Market Cap Tops $200 Billion
Facebook is now part of the elite $200 billion club. Facebook’s stock opened at $77 a share on Wednesday, pushing the company’s market cap above $200 billion for the first time. That’s roughly double what Facebook’s market cap was when it went public in May of 2012. To put that in context: Facebook’s market cap is now higher than IBM’s $192 billion, Amazon’s $158 billion and Pfizer’s $186 billion. Of course, it still has quite a way to go to catch up to Microsoft’s $370 billion, Google’s $397 billion and Apple’s $605 billion.
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