Facebook’s Market Cap Soars to $190 Billion, Overtaking Amazon
Facebook has reached a staggering $190 billion market valuation, surpassing e-commerce giant Amazon’s \(165 billion cap following a strong Q2 2014 earnings report. The social media leader’s stock surged to an all-time high of **\)76.74 per share** in after-hours trading, cementing its position as a dominant force in the tech sector.
Key Financial Highlights
- Revenue: $2.91 billion (exceeding analyst expectations)
- Earnings per share (EPS): $0.42
- Stock performance: Shares opened at \(75.96, peaking at \)76.74 before stabilizing at $75.13
What’s Driving Facebook’s Growth?
- Mobile Dominance: Over 1 billion users now access Facebook primarily via smartphones, with mobile ads delivering exceptional performance.
- Ad Platform Evolution: Improved targeting and engagement tools have made Facebook’s ad offerings significantly more effective since its 2012 IPO.
- Investor Confidence: The company’s consistent revenue growth has turned it into a bellwether for tech stocks, potentially boosting market optimism for other tech giants.
A Remarkable Turnaround
Just two years after its rocky IPO in May 2012—when desktop usage dominated and ad revenue lagged—Facebook has transformed into a mobile-first powerhouse. Its current valuation now dwarfs Twitter’s by 8x and rivals half the market caps of Google and Microsoft.
Image credit: Bryce Durbin
The Bigger Picture
Facebook’s meteoric rise underscores the shifting landscape of tech valuations, where social platforms can outpace traditional retail and cloud giants. Analysts will be watching closely to see if this momentum sparks broader bullish trends in the tech market.
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