Companies: Facebook Joins the "T-Square" (Trillion-Dollar Club)

Facebook's market value surpassed $1 trillion for the first time today, joining an exclusive club of companies to cross that mark, Axios' Sara Fischer writes. Shares jumped by nearly 5% after a federal judge dismissed an antitrust complaint from the FTC.

Why it matters: Despite a record level of regulatory scrutiny, Facebook's value continues to soar. The company has experienced enormous growth over the past year, as more people turned to its services to communicate and shop during the pandemic.