Facebook rises to $1 trillion value after FTC lawsuit dismissed ...Middle East

Los Angeles Daily News - News
Facebook rises to $1 trillion value after FTC lawsuit dismissed
By Jeran Wittenstein and Sarah Frier | Bloomberg Facebook shares posted their biggest intraday gain in two months after it won a dismissal of two antitrust cases, pushing its market value above $1 trillion for the first time. The social-media giant jumped as much as 4.4%, the most since April 29 after a judge granted Facebook’s request to dismiss the complaints filed last year by the U.S. Federal Trade Commission and state attorneys general. The shares have advanced 29% this year, after the Covid-19 pandemic increased public reliance on Facebook’s apps for staying in touch with friends and businesses, leading to steady growth in users and strong demand for digital advertisements. Almost thre

Hence then, the article about facebook rises to 1 trillion value after ftc lawsuit dismissed was published today ( ) and is available on Los Angeles Daily News ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Facebook rises to $1 trillion value after FTC lawsuit dismissed )

Apple Storegoogle play

Last updated :

Also on site :