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Facebook Rally Vaults It Past $1 Trillion in Record Pace

  • User growth, strong digital ad market has fueled stock’s rally
  • U.S. now has five companies with market caps above $1 trillion
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Facebook Wins Dismissal of Two Federal Antitrust Lawsuits
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Facebook Inc. shares jumped after an antitrust victory helped push its market value above $1 trillion, making the social-media giant the fastest company to reach the milestone.

Facebook shares rose 4.2% on Monday to $355.64, the most in two months, after a judge granted its request to dismiss two complaints filed last year by the U.S. Federal Trade Commission and state attorneys general.