At the Trillion-Dollar Mark, Is Facebook a Buy?
Facebook (NASDAQ: FB) joined the other tech giants in the four-comma club on Monday.
The social media giant temporarily topped $1 trillion in market value, rising 4.2% after the District Court for the District of Columbia threw out an antitrust suit filed by the Federal Trade Commission (FTC) and more than 40 states.
The decision alleviates Facebook's biggest risk -- that it could be broken up or face stricter regulations, for now. But the FTC will have a chance to regroup and refile its claim in 30 days. Will new investors be glad they got onboard today, or might they be disappointed if regulators eventually prevail?
Source Fool.com