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Facebook to be added to NASDAQ 100 Index on December 12

Facebook will replace Infosys as part of the NASDAQ 100

| Business, Financial & Legal News | Posted: Dec 5, 2012 9:26 am

Come December 12, Facebook are set to replace Infosys as part of the NASDAQ 100 Index. The shift for the social network should see a surge in stock purchases as index funds and others pick up its share to balance out their portfolios.

 

TweakTown image news/2/7/27117_09_facebook_to_be_added_to_nasdaq_100_index_on_december_12.jpg

 

Facebook went public with their IPO in May, and seven months later they'll finally be added to the NASDAQ 100 Index. Since Facebook's IPO they've lost some serious value, but they have stabilized over the last few months, and at their current market capitilization is around $59.5 billion.

 

Facebook have been given a great place in the stock market universe here, with other Internet companies not having the same power that Facebook enjoys - Zynga, Groupon, Pandora and LinkedIn all haven't made the NASDAQ cut - even with all of the power they have.

NEWS SOURCES:Thenextweb.com

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