While many believe that Facebook may be on the decline, the company’s valuation has passed the $200 billion mark for the first time this week.
On Monday, the company’s stock closed at $77.6, which is a new all-time high and gives Facebook its insane value figure.
The social network has consistently impressed Wall Street analysts in its quarterly earnings reports over the last year thanks to robust growth in mobile usage and advertising revenue. Many analysts believe future prospects for the company are extremely high because Facebook has not yet begun to monetize acquisitions like Instagram and WhatsApp or place a significant number of pricey video ads in users’ News Feeds.
While impressive, this still puts Facebook under Apple’s market cap of $590 billion and Google’s $400 billion (when the markets closed on Monday).
Check out the full story on TIME.
