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Facebook is now more valuable than General Electric

Sam RoJul 21, 2015, 19:02 IST

AP Photo/J. Walter Thompson

General Electric's origins go back to the days of Thomas Edison and JP Morgan himself. It's the only component of the Dow Jones Industrial Average today that was part of the original Dow in 1896.

GE's market cap sits at around $273 billion.

Facebook's origins go back to a Harvard dorm room a little over ten years ago. The social media company reaches a whopping 1.44 billion monthly active users.

As Matt Phillips notes, Facebook now has a market cap of $275 billion.

In other words, it is now bigger than GE.

For what it's worth:

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