For the first time, Facebook's values surpasses $1trillion

Mark Zuckerberg now worth $132 billion as Facebook hits a $1 trillion valuation.

Facebook's value surpassed $1trillion on Monday for the first time, as the share price rose four percent following the dismissal of antitrust lawsuits bought against the tech giant by the government.

A federal judge on Monday dismissed the complaint brought by the Federal Trade Commission (FTC) and a coalition of state attorneys general - dealing a significant blow to attempts by regulators to rein in tech giants. 

US District Judge James Boasberg ruled that the lawsuits were 'legally insufficient' and did not provide enough evidence to prove that Facebook was a monopoly.

The FTC had alleged Facebook engaged in a 'systematic strategy' to eliminate its competition, including by purchasing smaller up-and-coming rivals like Instagram in 2012 and WhatsApp in 2014.