Facebook hits above $1 Trillion market cap for the first time
Facebook is the fifth US company to hit the milestone
Its predecessors are Apple, Microsoft, Amazon and Alphabet Inc
The company’s shares closed up 4.2% at $355.64
This is after a favourable legal ruling that dismissed an antitrust complaint brought by the FTC
Facebook derives nearly all of its revenue from personalised advertisements
Facebook held its IPO in May 2012, debuting with a mcap of $104 Million
