FIRST AIRED: June 25, 2015

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COMING UP:Share Opener Variant 3

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00:00:00
facebook joining the ranks of america's most valuable companies on the stock market shares rallying wednesday despite a broader stock flop reaching the market value of just under two hundred and fifty billion dollars for the first time now it's number eight on the s. and p. five hundred top ten list worth more than walmart amazon dot com walt disney and google investors applauding facebook's one point four billion monthly active users and its successful video advertising platform reuters west coast tech reporter yes mean abu talib the biggest reason i'm doing so all right now is because some people are spending so much time on the social network it's consistently growing and they dominate mobile advertising instagram opened up its platform to advertisers and they just debuted oculus and virtually out is expected to be a very big market so facebook got its toes in a lot of different places and just has a lot of potential to keep making , the stock has come a long way in a short time , sixteen billion dollars i. p. o. three years ago but facebook still has a lot of growing up to do when it comes to actual sales revenues last year coming in at roughly twelve and a half billion dollars compare that to the four hundred and eighty six billion dollars in global sales at walmart