Facebook became the first social-media company to reach a $1 trillion market capitalization in June 2021.
Facebook crossed the milestone on June 28, 2021, after a favorable court ruling helped lift its share price. The company’s platform had grown from a college-networking project into a global advertising and communications business serving billions of users.
The company later changed its corporate name to Meta Platforms in 2021, reflecting a strategic emphasis on virtual and augmented reality, the metaverse, and hardware such as Quest headsets. The stock continued trading under the ticker symbol META after the change.
Facebook’s achievement is distinct from the market capitalization of Meta today: historical milestones are usually described using the company name in use at the time. The milestone also refers to market value, not revenue, profit, or the estimated value of the social network alone.