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Facebook To Join S&P 500, S&P 100

Tyler Durden's picture




 

The long anticipated and often rumored move of Facebook to the S&P 500 has finally arrived or technically will arrive on December 20 when FB will replace Teradyne, only this time we get two for the price of one. From BBG:

  • FACEBOOK TO JOIN S&P 100 AND S&P 500

We can't wait for TWTR to move up in sympathy. As for the reasons behind the move - one must do whatever is needed to keep what little is left of retail speculators happy.

And in other news, Alliance Data Systems (ADS) and Mohawk (MHK) are also joining the S&P 500

 

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Wed, 12/11/2013 - 18:28 | 4237804 TeamDepends
TeamDepends's picture

What does Facebook sell again?

Wed, 12/11/2013 - 18:28 | 4237811 Wyatt Junker
Wyatt Junker's picture

'Likes'.  They sell likes.

You can buy one for about anywhere from a nickel to .22 apiece. 

Wed, 12/11/2013 - 18:32 | 4237833 TeamDepends
TeamDepends's picture

Is that like (ha) heavy petting?

Wed, 12/11/2013 - 18:32 | 4237829 JuliaS
JuliaS's picture

Farmville is a hint. They sell cattle.

Wed, 12/11/2013 - 18:41 | 4237855 TeamDepends
TeamDepends's picture

Why don't they sell farms?

Wed, 12/11/2013 - 18:41 | 4237860 john39
Wed, 12/11/2013 - 19:00 | 4237926 NotApplicable
NotApplicable's picture

Given it takes about two seconds on the interwebs to find papa Zuck, I find this to be nothing but disinfo.

Wed, 12/11/2013 - 19:11 | 4237954 A Lunatic
A Lunatic's picture

Your private information........

Wed, 12/11/2013 - 18:27 | 4237807 orangegeek
orangegeek's picture

twitter and facebook = advertising networks

Wed, 12/11/2013 - 18:31 | 4237823 useless_fact
useless_fact's picture

We all need body fat to live. In fact, it is so essential to normal, healthy functioning that an average, size 10, slim female carries approximately 100,000 calories of fat on her body.

Wed, 12/11/2013 - 18:41 | 4237853 frankTHE COIN
frankTHE COIN's picture

Abercrombie and Fitch would send her a " Show Cause " thru her FaceBook account.

Wed, 12/11/2013 - 18:40 | 4237854 Drachma
Drachma's picture

Standard & Face. It's all unfolding as planned. ;)

Wed, 12/11/2013 - 18:48 | 4237890 Composter
Composter's picture

If I steal some good software, can I get venture capital and an S&P placement also ?

 

Or do I have to belong to a certain demographic group ?

 

Mighty odd that Zuckerberg, after stealing the Facebook code from the Winklevoss, was given venture capital from people of the same religion, i.e. other Jews.

Why didn't Zuck's VC's offer start-up money to the Winklevoss' ?

 

It's a repeat of what happened 100 years ago - when the Warner Brothers stole Edison's invention from him, and used it without his permission.

Wed, 12/11/2013 - 20:07 | 4238092 MeelionDollerBogus
MeelionDollerBogus's picture

Edison had it coming. He stole everything he could from Nikola Tesla.

Wed, 12/11/2013 - 18:47 | 4237893 thismarketisrigged
thismarketisrigged's picture

lol at fuckshit.

 

its like they said afterhours, '' we really wanted to go to sleep tonight with fuckbook above 50 dollars, what can do we to get it there''?

 

o ya, lets announce after hours that it will join the s&p 500, that should do the trick.

 

fuckbook will be one of the many companies to have its value drop substansially once shit hits the fan.

Wed, 12/11/2013 - 19:51 | 4238052 game theory
game theory's picture

Just wait though...even though facebook is losing traction among users (real human ones at least). you'll see increased ad revenue because they packed the board of directors with people who have multiple board seats at other companies with big ad spends. And *that* is how you run a crony-capitalist system and defy even the most rigorous and thorough analyses.  Don't forget, we are
"exporting democracy".  

Wed, 12/11/2013 - 18:56 | 4237914 firstdivision
firstdivision's picture

Okay, I'd say we're at the top now. Party like it's 1999 bitches.

Wed, 12/11/2013 - 19:04 | 4237934 Al Huxley
Al Huxley's picture

That's nice - adding a high quality name like Facebook should be just the trick to reinvigorate and restore the S&P rally.

Wed, 12/11/2013 - 19:05 | 4237938 starman
starman's picture

Anybody want to invest in my new endevor its all social media

Im calling it Fuckface , it will bring all the fuckfaces of the world finally to unite thus makeing it the ultimate unline and offline something FB doesnt have, multi fuckface media hub! I also have ideas for Fuckbucks and Fuckter.

Wed, 12/11/2013 - 19:17 | 4237972 Fíréan
Fíréan's picture

Will they be selling Fuckerbergers at Fuckbucks, might i politely enquire  ?

Wed, 12/11/2013 - 19:53 | 4238056 MeelionDollerBogus
MeelionDollerBogus's picture

gotta compete against the brands somehow! http://creativebits.org/files/buttfuckers.jpg

Wed, 12/11/2013 - 19:04 | 4237939 Racer
Racer's picture

The Sh!t & Pi$$ is now complete with Farce book

Wed, 12/11/2013 - 19:25 | 4237997 Al Huxley
Al Huxley's picture

At least somebody will be enjoying a Santa Claus rally.

Wed, 12/11/2013 - 19:25 | 4237998 logicalman
logicalman's picture

YCMTSU!

my new acronym!

Wed, 12/11/2013 - 20:07 | 4238094 MrVincent
MrVincent's picture

120+ billion Market Cap for Facebook. They are valued the same as companies like Disney.

This bubble is so much bigger than anything I thought possible.

 

Thu, 12/12/2013 - 00:22 | 4238733 Doubleth1nker
Doubleth1nker's picture

Oh god, not facefuck.  Well at least the good news is, when I short ES I'll be shorting this NSA-backed trainwreck.  Fuck 'em.

Thu, 12/12/2013 - 00:56 | 4238790 I Write Code
I Write Code's picture

Sometimes you join Facebook, sometimes Facebook joins you.

Do NOT follow this link or you will be banned from the site!