Facebook Scales New Heights, Market Value Crosses $200-billion Mark

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Facebook Scales New Heights, Market Value Crosses $200-billion Mark
Popular social networking service Facebook is now the 22 nd largest company in the world after the company's market value crossed the $200-billion mark.

As per the media reports, Facebook's stock closed at $77.6 on Monday - an all-time high - giving it a market capitalisation of $200.26 billion.

On the list of world's biggest corporations, the world largest social network now ranks just behind Verizon Communications Inc., and is ahead of Toyota Motor Corp.
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Future prospects for the Mark Zuckerberg-led Facebook looks bright as the company is yet to monetise acquisitions like photo-sharing site Instagram and mobile messaging service WhatsApp, according to the reports. In addition to this, the firm is also some time away from placing a significant number of expensive video ads in users' news feeds.

In a bid to enter the fast-growing wearable devices arena, Facebook has also purchased virtual reality headset maker Oculus VR Inc for nearly $2 billion.
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(Image: Indiatimes)