Facebook’s stock has traded as high as $81.88 today, marking an all-time high.The company’s market cap is $227.7 billion, according to Yahoo Finance.
There’s no real explanation for Facebook’s stock to be flying to the moon. Investors are buying for whatever reason.
However, this is a fitting cap to 2014 for Facebook.
It’s had an excellent year. It bought virtual reality company Oculus Rift for $2 billion, messaging app WhatsApp for $22 billion, it carved out Facebook messenger into a standalone app, and it launched a bunch of experimental apps.
Instagram, which it bought for $1 billion in 2012, is now valued at $35 billion by anlaysts at Citi. Instagram has 300 million users, making it bigger than Twitter as measured by users. Instagram has started to experiment with ads, and it looks like it could be the next major source of revenue growth……..
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