On the heels of a recent wave of positive headlines, mobile advertising progress, and impressive earnings, Facebook has bounced back to once again become a $100 billion company.
On Monday, the social networking giant’s market cap exceeded $100 billion according to data released by FactSet.
Mark Zuckerberg’s company hasn’t tested these levels since the spring of 2012.
“Facebook Inc had a valuation of $100 billion on the second market before the company’s IPO,” explains Michelle Jones of Value Walk. “Then it raised $16 billion through that IPO, which gave it a value of around $104 billion.”
However, the social network’s value declined right after its IPO, and it only started rising again recently after the company’s most recent earnings report. In September Facebook Inc shares hit their all-time low of $17.55 per share, and the social network’s market cap fell under $50 billion.
After more than a year on Wall Street, Facebook seems to have finally found its footing.
The next big challenge for Facebook? According to investors, monetizing Instagram will be the next hurdle for Facebook to jump. And if it does, $100 billion may be Facebook’s floor, not it’s ceiling in 2014 and beyond.