Wednesday April 1, 2020

Facebook shares jump on S&P 500 speculation

Facebook gained as much as 3.1 per cent in early trading amid speculation that the world’s largest social network may be added to the Standard & Poor’s 500 Index.

10th June, 2013
“Inclusion in a major index would significantly broaden Facebook’s investor base," said an analyst.

Facebook gained as much as 3.1 per cent in early trading amid speculation that the world’s largest social network may be added to the Standard & Poor’s 500 Index.

The shares increased as high as $24.01 as of 8:53am in New York. Before today, Facebook had dropped 39 per cent since an initial public offering in May 2012.

With a current market value of almost $60 billion, Menlo Park, California-based Facebook is likely to join the...

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