Facebook Is Now Bigger Than Coca Cola
The shares of the world’s No. 1 social network touched a record high of $76.74 on Thursday after earnings and revenues easily topped analysts’ forecasts, boosting its market value to nearly $194 billion. Facebook, which was founded in 2004 is now bigger than such decades old bellwethers as Coca-Cola and Disney. Facebook tops the Coca-Cola Co. by about $15 billion and Disney by more than $40 billion. “A 100-year-old company with real assets versus a company admittedly with virtual assets and they are trading at the same market cap – crazy,” said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh, according to mybroadband....