HFA Icon

Facebook Inc Tops $200 Billion In Value: Is a Market Top Far Behind?

HFA Padded
Mark Melin
Published on
Updated on
Sign up for our E-mail List and Get FREE Access to Exclusive Investment E-books and More!

Facebook, an information sharing application that allows ordinary American’s to post everything from pictures of themselves to news regarding their latest restaurant experience, now has a market capitalization exceeding $200 million.

Facebook Inc Tops $200 Billion In Value: Is a Market Top Far Behind?

Facebook now ranks as the 22nd largest company in the world

With the stock closing at $77.89 per share, the company is now valued at $201.6 billion, making it the 22nd largest company in the world, ahead of Toyota Motor Corporation and just behind Verizon Communications, a Bloomberg report noted.

When Facebook first launched into public...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article
Already a member? Log in here
HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.