Arik Hesseldahl

Recent Posts by Arik Hesseldahl

Facebook to Join S&P 500 and 100 Indices

Facebook_F380Facebook has just ascended to one of the most closely watched measures of the global market for stocks, the Standard & Poor’s 500 index.

According to a statement from S&P Dow Jones Indices, a division of McGraw Hill Financial, Facebook will also join the S&P 100.

In both cases it will replace other companies which are being shifted to other indices. On the S&P 500, it will replace Teradyne, the maker of test and measurement equipment, which will shift to the S&P MidCap 400 index. On the S&P 100, Facebook will replace The Williams Companies, a player in the energy business.

Facebook shares rose by more than four percent in after-hours trading after the news was announced. As of the close of regular trading today, the shares had risen by more than 85 percent this year.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik