Thursday, Facebook's market value more than Buffett's investment group Berkshire - Hathaway.
After Wednesday reported strong second-quarter earnings, Facebook to enhance the market value of about $ 5 billion, and briefly touched $ 362 billion. According to FactSet, as of Thursday, the US stock market closed, Facebook market value of $ 363.8 billion, ahead of Berkshire - Hathaway's $ 355.7 billion.
For a time the creation of only 12 years, and in 2012 just listed companies, this is a remarkable achievement. In contrast, Buffett run Berkshire - Hathaway has more than half a century.
Thursday, Facebook shares hit a record high of $ 128.33. Because investors are looking for revenue of over 10 billion US dollars of high-growth companies in the past two years, Facebook is becoming the darling of the technology industry. Apple is currently trapped in iPhone sales growth, many investors are pessimistic about the prospects for Apple.
So far this year, Facebook shares have risen nearly 20% higher than Berkshire - Hathaway of about 9.4%. Standard & Poor's 500 index rose about 6.2% over the same period, the Dow rose 5.9%, while the Nasdaq composite index rose about 3%.
For more than Berkshire - Hathaway after, Facebook became the fifth American companies ranked by market capitalization, behind Exxon Mobil, whose market capitalization of $ 374 billion.
Apple's current market value is still leading, to reach $ 562 billion, ranking second Alphabet parent company Google, it was $ 519 billion, Microsoft ranked third, to $ 439 billion.
In after-hours trading on Wednesday, the US stock market, Facebook market value briefly surpass Exxon Mobil.
But some people think, Facebook's future stock price will slow down. The company on Wednesday warned that revenue growth will slow in the remainder of the year. Previously, the amount of advertising in Facebook user message flow delivered rapidly.
In fact, since several analysts, such as BTIG Rich & middot; Greenfield (Rich Greenfield) for Facebook's future growth rate of reservations, so quickly narrowed Facebook shares on Thursday rose in intraday trading.