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Expand chart
Source: YCharts

Facebook's market value surpassed $1 trillion for the first time Monday, after a federal judge dismissed an antitrust complaint from the Federal Trade Commission. The move pushed shares up nearly 5%.

Why it matters: Despite a record level of regulatory scrutiny, Facebook's value continues to soar. The company has experienced enormous growth over the past year, as more people turned to its services to communicate and shop during the pandemic.

The big picture: Facebook joins just a small handful of other companies that have recently joined the $1 trillion club. Apple, Alphabet, Microsoft and Amazon have surpassed $1 trillion in market value in the past few years.

Go deeper

Judge dismisses FTC's antitrust complaint against Facebook

Illustration: Sarah Grillo/Axios

A federal district judge on Monday dismissed the Federal Trade Commission's antitrust complaint alleging Facebook engaged in anticompetitive practices.

Driving the news: The judge described the FTC's complaint as "legally insufficient" in making the case that Facebook has monopoly power in the personal social network market.

Mike Allen, author of AM
20 mins ago - Politics & Policy

America's "Friendscape" crisis

New research shows Americans have fewer friends than in the past, and are less likely to have a best friend.

  • Why it matters: At a time of excruciating mental and societal stress, this is another sign we're breaking apart. And the friendship drought could get worse with more people working remotely or hybrid-ly.

Pelosi says it's her "plan" to appoint GOP Rep. Kinzinger to Jan. 6 committee

House Speaker Nancy Pelosi (D-Calif.) said Sunday that it is her "plan" to appoint Rep. Adam Kinzinger (R-Ill.) to the House select committee investigating the deadly Jan 6. Capitol riots.

Why it matters: Pelosi's statement to ABC's "This Week" comes after she rejected two of the five Republican appointments offered by House Minority Leader Kevin McCarthy (R-Calif.).