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Facebook just passed Buffett’s Berkshire Hathaway in market value

Mark Zuckerberg zoomed ahead of Warren Buffett on Thursday.

Mark Zuckerberg has put Warren Buffett in his rearview mirror.

Zuckerberg’s tech behemoth, Facebook Inc. FB, -0.85% edged out Buffett’s Berkshire Hathaway Inc. BRK.B, -0.10% moving ahead of the market capitalization of the Sage of Omaha’s investment conglomerate Thursday.

Facebook added about $5 billion to its market cap and briefly touched a valuation of about $362 billion after the social network late Wednesday reported stellar second-quarter earnings underpinned by its growing mobile-advertising business. Facebook finished trading with a value of $363.8 billion Thursday, pushing it ahead of Berkshire’s Class B shares, which finished with a valuation of $355.7 billion, according to FactSet data.

That’s not too shabby for a tech company that was founded a mere 12 years ago and has only been public since 2012. To put things in perspective, Buffett—considered one of the...


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