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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

Oct 6, 2021 - Technology

Facebook's toughest week yet

Former Facebook employee and whistleblower Frances Haugen testifies during a Senate hearing on Tuesday. Photo: Jabin Botsford/Pool/Getty Images

Facebook’s resiliency is being tested — again — amid a new firestorm.

What's new: Frances Haugen, the whistleblower who shared thousands of pages of internal Facebook documents with regulators, lawmakers and the Wall Street Journal, testified in front of Congress on Tuesday.

Oct 5, 2021 - Podcasts

Facebook: How did we get here?

Facebook shares are down 15% from an all-time high on September 7th. That’s the biggest drop since the beginning of the pandemic. And yesterday, Facebook’s global outage may have prevented 54 billion Facebook messages from being sent and 3.75 billion fewer calling minutes on WhatsApp, according to marketing firm ABCD Agency.

Axios Re:Cap talks with Axios’ media reporter Sara Fischer who’s been reporting on this, and how Facebook got to this moment.

4 takeaways from the Facebook whistleblower hearing

Facebook whistleblower Frances Haugen appears before a Senate subcommittee on Oct. 5 in Washington, D.C. Photo: Matt McClain-Pool/Getty Images

Whistleblower Frances Haugen on Tuesday provided rare insight into Facebook's operations during her testimony before the Senate Commerce Subcommittee on Consumer Protection.

What you need to know: The former Facebook product manager sought to expose the social media giant's knowledge of harmful content circulating on its platform and underscored the company's lack of transparency — sparking outrage from both Democrats and Republicans on the committee.