Facebook Stock Climbs To Mammoth Market-Cap Levels, Worth More Than AT&T And Coca-Cola

rated by 0 users
This post has 6 Replies | 1 Follower

Top 10 Contributor
Posts 26,369
Points 1,192,040
Joined: Sep 2007
News Posted: Fri, Jul 25 2014 9:40 AM
It seems like a century has passed since Facebook's IPO and subsequent stock performance came under scrutiny. Turns out all Facebook needed was to post a stellar earnings report, as it did earlier this week, and investors would be frothing at the mouth to own a chunk of the world's most popular social playground. In the aftermath of Facebook's latest earnings report, the company's share price sky rocketed to record levels, and it's now worth more than several long-time heavyweights such as AT&T and Coca-Cola.

At the time of this writing, Facebook shares are worth about $75.50, putting the company's market capitalization at just a hair below $192 billion. AT&T, which was founded in 1983, has a market cap of $185 billion, while Coca-Cola is sitting at $179.5 billion after 122 years of doing business.


It's hard to tell if the excitement is starting to wane, or if Facebook has more momentum it can tap into from its latest earnings report. On Thursday, investors sent shares of Facebook to a record high $76.74, which in turn bumped the company's market cap up to almost $194 billion (as a point of reference, IBM's market cap is $196 billion). Not bad for a firm that only has virtual assets. Though it's trading at a lower price today, it's trending upwards in the early morning hours.

In addition to Facebook's high stock price and market cap, it's the speed at which all this is taking place that's also impressive. It took Apple around 30 years to reach the point where Facebook is today (in terms of market cap), while Google needed five years. Facebook has only been a publicly traded company for a little over two years.
  • | Post Points: 80
Top 500 Contributor
Posts 132
Points 990
Joined: Apr 2013
Location: Chandler, AZ
Thomas T. replied on Fri, Jul 25 2014 11:38 AM

No matter how you feel about Facebook it's just a fact that they defied the social network odds and developed a must have system. It's no surprise to me that they are doing so well.

  • | Post Points: 5
Not Ranked
Posts 16
Points 155
Joined: Jul 2014
Drachen replied on Fri, Jul 25 2014 1:52 PM

Can somebody explain to me why this trash organization is worth anything? Especially worth more than AT&T and Coca-Cola?

  • | Post Points: 20
Top 500 Contributor
Posts 171
Points 1,150
Joined: Jul 2013

wow i havent heard about coca colas worth in a long time

  • | Post Points: 5
Not Ranked
Posts 3
Points 30
Joined: Jul 2014
g00fb4ll replied on Sat, Jul 26 2014 7:43 AM

Don't worry, this is about the time a serious market correction occurs, hopefully not like last time.

  • | Post Points: 5
Not Ranked
Posts 36
Points 210
Joined: Jun 2014

Wow i can't believe that face book is worth that much. Thought coca-cola was worth a lot more.

  • | Post Points: 5
Not Ranked
Posts 8
Points 40
Joined: Jul 2014
Location: Virginia, USA
Brian replied on Sun, Jul 27 2014 10:35 AM

I'm really surprised that Facebook's success is so lasting, especially when the social media market is so over-saturated. They pulled the Apple of social media and made it seem like you need a Facebook and apparently it worked.

  • | Post Points: 5
Page 1 of 1 (7 items) | RSS