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  1. #1
    Legendry Member milos's Avatar

    Facebook will join the S & P 500 index !!!

    Facebook will join the S & P 500 index after the closing of trading on the 20th December, as part of the reconstruction. Companies in the S & P 500 may be in the composition of the New York Stock Exchange or Nasdaq.

    Facebook has released its fourth consecutive quarterly profit in October, which is one of the criteria for determining the entering into the composition of the S & P index.

    The market value of the social network has more than doubled this year to $123 billion, and the company's shares rose as much as 4.7% to $51.69.

  2. #2
    Specialist Member RCox's Avatar
    Quote Originally Posted by milos View Post
    Facebook will join the S & P 500 index after the closing of trading on the 20th December, as part of the reconstruction. Companies in the S & P 500 may be in the composition of the New York Stock Exchange or Nasdaq.

    Facebook has released its fourth consecutive quarterly profit in October, which is one of the criteria for determining the entering into the composition of the S & P index.

    The market value of the social network has more than doubled this year to $123 billion, and the company's shares rose as much as 4.7% to $51.69.
    This is an interesting development and another confirmation that FaceBook will not be falling by the wayside in the same way that MySpace did previously. What I think is most interesting about the main social media companies is the fact that they get more free advertising than any other company in the history of the world (every time a TV show, company, etc, says "follow us on twitter or facebook").

  3. #3
    Legendry Member Michael Hodges's Avatar
    Your points are valid. FAcebook is important, I just cant believe such a new company has reached S&P status already.

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