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Facebook to join the S&P 500

from Chicago Tribune

Standard & Poor's on Dec. 11 said Facebook Inc. will join its S&P 500 stock index after the close of trading on Dec. 20, cementing the social media network's rise into one of the biggest, most powerful U.S. companies. The decision follows Facebook reporting its fourth straight profitable quarter in October, one of the criteria that S&P uses to determine eligibility for the index. Facebook shares rose 4.3 percent to $51.51 following S&P's announcement after regular market hours. more


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