In the days after its infamously mishandled initial public offering in May 2012, it looked as if Facebook would struggle to become a must-own for fund managers. Now the company’s $190 billion (111.8 billion pounds) market value makes it bigger than such bellwethers as Coca-Cola and AT&T. It’s not a member of the Dow industrials, but if it were, it would be larger than two-thirds of that index’s 30 members.
Published in TZ Latest News 24 July, 2014 by The TZ Newswire Staff
Facebook is now worth more than AT&T, Coke
Published in TZ Latest News 24 July, 2014 by The TZ Newswire Staff
Facebook is now worth more than AT&T, Coke
In the days after its infamously mishandled initial public offering in May 2012, it looked as if Facebook would struggle to become a must-own for fund managers. Now the company’s $190 billion (111.8 billion pounds) market value makes it bigger than such bellwethers as Coca-Cola and AT&T. It’s not a member of the Dow industrials, but if it were, it would be larger than two-thirds of that index’s 30 members.