Facebook Is Bigger Than Amazon, By Market Cap

Apparently pokes and Likes beat ecommerce and drones

Facebook is now more valuable than Amazon, at least by market value. Facebook’s market cap topped $170 billion this week, while Amazon’s market cap has dipped below $165 billion, according to data provided to Mashable by FactSet Research

The social network’s stock hit a new high this week, following a strong December quarter earnings report, in which it handily beat revenue estimates and revealed that mobile ad revenue now accounts for the majority of total ad revenue. Amazon stock slumped after reporting earnings for the fourth quarter that were far below Wall Street estimates. Read more…

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