Facebook Steals The Record For Fastest Company To Reach 250 Billion Market Cap From Google
Facebook’s rapid rise may point out investor confidence that the company will persist in increasing mobile-advertising sales on its application and others. To some extent, the increase in value also reflects froth in tech stocks; since Facebook went public, the Nasdaq Internet Index has almost doubled. Facebook’s shares trade at 87 times earnings, almost five times the average in the S&P 500. At the same time, companies in the Nasdaq Internet Index trade at a price-earnings ratio of 27....