FB adds $42 billion in market Capitalisation in single Day

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Social networking major Facebook added around $42 billion in market capitalisation on Thursday after the organization posted a 49% rise in revenue to $11.96 billion for the initial quarter of 2018.

Facebook had posted a revenue of $8 billion in the exact same quarter last year. The Mark Zuckerberg-led company’s market capitalisation currently stands at $505.93 billion.

source: inshorts

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