Facebook Replacing Infosys As Part Of NASDAQ 100 Index On December 12th

Posted on Dec 5 2012 - 4:28am by Editorial Staff

According to CNBC, the social giant Facebook will be making its debut on NASDAQ 100 Index on December 12th, roughly after around 7 months after its initial public offering. The social giant will replace Infosys as part of the NASDAQ 100 and will work towards giving Facebook a stronger position in the technology space, which could lead to maintain a balance out their portfolios. Also, to note the company has lost its value since the time it turns into public, but with time while moving towards being stabilized, the company at currently able to capitalize at as roughly as $59.5 billion.

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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.