"The social network company’s 2.4 percent climb to a record close on Monday, just over three years after its IPO, made it the first company in the Standard & Poor’s 500 Index to breach that market cap so quickly. The previous record holder was Google Inc., which took about eight years.Facebook Close Sets Speed Record for $250 Billion Market Cap - Bloomberg Business
Facebook’s rapid ascent may indicate investor confidence that the company will continue to increase mobile-advertising sales on its application and others. To some degree, the gain also reflects froth in tech stocks; the Nasdaq Internet Index has almost doubled since Facebook went public."
Tuesday, July 14, 2015
Facebook Close Sets Speed Record for $250 Billion Market Cap - Bloomberg Business
Another Facebook milestone