Facebook became the 4th most valuable company among the world’s most valuable companies, by getting ahead of Amazon. The US based social media company Facebook has surpassed e-commerce firm Amazon and ranks the 4th among the world’s largest companies in terms of market value.
Facebook’s share price increased 17.158 dollars at the last week of July with an increase of 0.7 percent after closing at 170.44 dollars. In other words, the market value of the company has also reached 497 billion dollars.
On the other hand, the shares of Amazon, which explains the decline in net profit in the second quarter of this year, decreased by 3.5 percent to a level of $ 1.00880 after closing yesterday at $ 1,046.00. The market value of the company also fell to $ 482 billion.
As a result, Facebook has surpassed Amazon in the marketplace and has become the 4th most valuable company in the world. Amazon‘s second-quarter anticipation of the positive future of the bullion, the company’s share increased, Jeff Bezos, the founder and CEO of the company, topped the world’s list of richest people, but, it lasted just 8 hours.
However, after showing that the net profit of the company in the second quarter of this year fell by 77 percent compared to the same period of last year, Jeff Bezos retreated to the second place and the lead in the list lasted only 8 hours.
According to the Real Time World’s Billionaires List of Forbes, Mark Zuckerberg, 33, CEO of Facebook, is currently the world’s richest 5th person and he is the youngest billionaire with $ 71.5 billion in wealth.