Facebook became the seventh U.S. company to reach a $1 trillion market capitalization in June 2021.
Facebook crossed the $1 trillion level on June 28, 2021, after a U.S. court dismissed key antitrust claims against the company. At that time, the corporation was still called Facebook; it changed its corporate name to Meta Platforms in October 2021.
The company had grown from a social-networking site launched at Harvard in 2004 into a group that included Facebook, Instagram, Messenger, and WhatsApp. Advertising was its dominant source of revenue, while the family of apps supplied a huge global user base.
The name change creates a common answer trap. “Meta” is the company’s current name, but the historical market-cap milestone occurred while the listed company was known as Facebook.