Facebook on Monday became more valuable than ExxonMobil, oilprice.com noted. And it is possible that at the end of the year the energy giant could fall below the top five largest companies, based on market capitalization, for the first time since 1980.
Oilprice.com:
"Tech companies Amazon and Facebook both surpassed Exxon Mobil to become the world’s fourth- and fifth-most valuable firm based on market capitalization at the close of trading on Monday.
"As reported in Business Insider, shares for the U.S. oil giant fell by 3.47 percent and this pulled the company’s value down to US$351 billion. Conversely, Amazon’s value rose to US$366 billion after its stock price grew by 1 percent. Facebook jumped into fifth place with a value of US$354 billion."
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