The newly-listed Facebook Inc is all set to replace Indian software gaint Infosys on the Nasdaq-100 index from December 12. Facebook Inc will be a part of the NASDAQ-100 Index, the NASDAQ-100 Equal Weighted Index, and the NASDAQ-100 Technology Sector Index.
Incidentally, the Facebook stock has lost significant value since its much hyped public listing in May this year. Facebook Inc., based in California, currently has a market capitalisation of around $ 29.7 billion (Rs 1,62,000 crore). However, when the company had gone public, its market value was about $104 billion. Meanwhile, the Bangalore-headquartered Infosys has a market capitalisation of Rs 1,37,327 crore.
The social networking firm, founded eight years ago by Mark Zuckerberg and fellow Harvard students, has around one billion users globally.