Video push: Facebook's "video first" strategy would help drive the company's growth.
The social networking giant beat market expectations for profit and revenue yet again in the latest quarter, pushing up its shares to a record high on Thursday and allowing it to overtake Warren Buffett's Berkshire Hathaway Inc as the fifth biggest US company by market capitalisation.
Facebook's shares rose as much as 4% to US$128.33 (RM520.63) , boosting its market value by US$14bil (RM56.7bil) to US$367bil (RM1.48tril) – enough to eclipse Berkshire's market cap of about US$355bil (RM1.43tril).
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