Facebook sets speed record in reaching $1 trillion value

Facebook Inc. wasted no time in becoming the fifth U.S. company ever to surpass $1 trillion of market value. The social-media company reached the milestone Monday, just over nine years after going public, according to data compiled by Bloomberg. Facebook broke a U.S. record set by Google’s owner, Alphabet Inc., which needed more than 15 years to reach the milestone. Those time periods compare with more than 22 years for Amazon.com Inc., 33 years for Microsoft Corp. and 37 years for Apple Inc., the first company to reach the trillion-dollar mark.

 

Years of Nasdaq beating S&P 500 may be at an end

Nasdaq stocks are in danger of losing their long-held status as U.S. market leaders, according to Michael Shaoul, chief executive officer at Marketfield Asset Management LLC. He raised the possibility in a report Thursday that tracked the ratio between the Nasdaq 100 and S&P 500 indexes. The ratio has fallen as much as 5 percent since July 25, when it peaked after rising 163 percent from a low in September 2002. Losses may mount, Shaoul wrote, because of concern about “future growth or profitability” for Apple Inc. and the four FANG stocks: Facebook Inc., Amazon.com Inc., Netflix Inc. and Alphabet Inc., Google’s owner.