Facebook Leapfrogs GE in Market Value Amid Blockbuster Revenue
- At $308 billion, it's the sixth-largest company in the S&P 500
- Earnings beat estimates as mobile advertising profit rose
Facebook Stock Reaches Record High, What's Next?
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Facebook Inc.’s rapid growth to new highs has left yet another stock market stalwart in its wake.
This time it was General Electric Co. that saw itself surpassed by the operator of the world’s largest social network, which now has a market value of almost $308 billion. Facebook is now the sixth-largest company in the Standard & Poor’s 500 Index, edging out Amazon.com Inc. and solidly above Johnson & Johnson.