Facebook joined NASDAQ making its debut on the stock market in May 2012
Just over a year since it featured on NASDAQ, Facebook has joined the S&P 500 index. This index is made up of some the worlds largest firms.
After a poor start in May 2012 on the stock market, with Facebook shares sliding to less than half the price. Which was $38, However they began to recover in the summer of this year. The company has had a troubled path to get to where it is now but after pleasing investors recently and creating better than expected earnings it looks like all the hard work has paid off.
Facebook is now thought to be worth a little over 122 billion dollars. This has prompted them to be promoted to the S&P 500 index, an index which features huge businesses such as Amazon, Expedia and Ford. The success of Facebook has been shown by big clothing label Abercrombie falling off the index.
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