An Interest In:
Web News this Week
- April 13, 2024
- April 12, 2024
- April 11, 2024
- April 10, 2024
- April 9, 2024
- April 8, 2024
- April 7, 2024
December 12, 2013 04:31 am GMT
Original Link: http://feeds.mashable.com/~r/Mashable/~3/BTVVfAkVvPM/
Facebook Will Join S&P 500 on Dec. 20
It looks like Facebook will end the year on a high note.
Facebook will join the Standard and Poor's 100 and 500, blue chip indices that serve as a benchmark for the economy, on Dec. 20. The news, which was announced by the S&P late Wednesday, sent Facebook's stock up as much as nearly 5% in after hours trading as the S&P comes with a built-in base of fund managers.
The move had been rumored for months as Facebook reported several consecutive quarters of profitability as a public company and its market cap ballooned to well above $100 billion, making it the largest company not to be included in the index. Facebook will replace The Williams Companies in the S&P 100 and Teradyne in the S&P 500 Read more...
More about Facebook and BusinessOriginal Link: http://feeds.mashable.com/~r/Mashable/~3/BTVVfAkVvPM/
Share this article:
Tweet
View Full Article
Mashable
Mashable is the top source for news in social and digital media, technology and web culture.More About this Source Visit Mashable