Facebook made its stock market debut on the Nasdaq exchange in May 2012
A little over a year after its stock market debut, Facebook has joined the S&P 500 index of some of the world's largest firms, replacing test equipment maker Teradyne.
Companies in the S&P 500 can be listed on either the Nasdaq or New York Stock Exchange.
The S&P 500 is considered the best representation of the US stock market and a bellwether for the US economy.
Facebook shares jumped 4% after hours on the news.
After a botched public offering in May 2012, Facebook shares slid to less than half of their initial $38 (£23; 28 euro) price, before recovering during the summer of 2013.
The company has been pleasing investors recently, notching better than expected earnings and strong mobile advertising sales, a crucial metric watched by analysts.
It is now worth a little over $122bn (£74bn).
Other firms added to the S&P 500 are Alliance Data Systems and flooring company Mohawk Industries.
They replace retailer Abercrombie & Fitch and JDS Uniphase, a maker of optical technology.
Sent from my BlackBerry® smartphone, powered by Easyblaze
Wednesday, 11 December 2013
Home »
» Facebook to join S&P 500 index
Facebook to join S&P 500 index
21:50
No comments
Related Posts:
#POLITICALNEWS Photos: Buhari and Fashola at the just concluded G7 Summit in GermanyI have a dream that one day Fashola will be Nigeria's president. O possible! More pics after the cut..____________________________________FIND OUT MORE ABOUT BEN Latest News™ 'Like us on Facebook' BEN Latest… Read More
#TOPCELEBRITY Photos: Brad Pitt and Angelina Jolie fly Economy class with their 6 childrenThe famous family flew economy class from Paris to Nice, you can imagine the astonishment of passengers in the economy class. They just kept taking lots and lots of photos of the family.40 year old Angelina Jolie a… Read More
#WORLDNEWS Meet the new Miss Tourism Nigeria 2015 Queen (photos)Ifeoma Sharon Anya beat other beauty queen hopefuls to clinch the Miss Tourism Nigeria 2015 title. The event held on Saturday night June 6th in Lagos. Congrats to her. More photos after the cut...___________________________… Read More
#WORLDNEWS Queen of Versailles' Stars' daughter Victoria Siegel dies at 18The teenage daughter of Queen Of Versailles stars David 80 and Jackie Siegel 49, has been found dead at the family's luxury Florida mansion.18 year old Victoria Siegel was found unresponsive by sheriff's deputies at the Seagu… Read More
#POLITICALNEWS Buhari to present Nigeria's 'wish list' at the G7 Summit in GermanyPress statement from Senior Special Assistant (Media & Publicity) to President Buhari, Shehu GarbaPresident Muhammadu Buhari arrived in Munich, Germany on Sunday, 7 June, armed with the "wish list" of Nigeria in line wit… Read More
0 comments:
Post a Comment