Many companies have outperformed Facebook this year in terms of share price or percentage gains.
But according to Bespoke, Facebook has added the most market cap out of any company in the Russell 2000 this year by a wide margin:
FB’s market cap currently sits around $358 billion, with a whopping $62.23 billion added in 2016 alone. That’s more than $17 billion more market cap gains than the next closest company, Amazon.
Facebook’s growth has been driven mainly by huge earnings gains, and some analysts think it could be on pace to become the first $1 trillion company. That would require adding another $642 billion in market cap, however, which seems unlikely to happen any time soon.
But you can’t argue with success. Facebook has become the unquestioned leader in the crowded social media space, and controls an enormous portion of the online ad market. This factor in and of itself should continue to bolster FB’s share price — and market cap — for years to come.
Facebook shares posted small losses in Wednesday morning trading. FB stock has gained almost 19% since the start of the year, more than doubling the performance of the S&P 500 index during the period.