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"Apparently pokes and Likes beat ecommerce and drones. \nFacebook is now more valuable than Amazon, at least by market value. Facebook's market cap topped $170 billion this week, while Amazon's market cap has dipped below $165 billion, according to data provided to Mashable by FactSet Research. \nSee also: Google Tops Exxon Mobil to Become World's 2nd Most Valuable Company\nThe social network's stock hit a new high this week, following a strong December quarter earnings report, in which it handily beat revenue estimates and revealed that mobile ad revenue now accounts for the majority of total ad revenue. Amazon stock slumped after reporting earnings for the fourth quarter that were far below Wall Street estimates.\n\nFacebook's market cap has surpassed Amazon and other big tech companies.Image:  FactSet ResearchFacebook went public in May, 2012 with a market cap of around $100 billion, but the stock quickly fell to less than half its IPO price, pushing the market cap below $50 billion. The stock rebounded in 2013 as Facebook proved its ability to make the shift to mobile. Facebook officially became a $100 billion company again in August and the stock has continued to tick up since then. \nAs the data from FactSet shows, Facebook now has a higher market value than a number of other established tech companies, including Intel, Cisco and Qualcomm. Though Facebook's market value may be higher, its actual business still has a way to go. Facebook generated $7.8 billion in the 2013 fiscal year. Amazon, by comparison, generated nearly three times that amount just in the fourth quarter.\nHere is another chart showing just how quickly Facebook's market cap has climbed relative to Amazon: \n\nFB Market Cap data by YCharts"^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2014/02/14/facebook-tops-amazon-market-cap/>