Daily Archives: December 12, 2013

Facebook & Why You Shouldn’t Own the S&P 500 Index

Facebook was added to the S&P 500 yesterday (announced on 12/11/13).  Here’s what the stock did in after-hours trading immediately after the announcement: Facebook’s stock price jumped about 4% after the announcement.  Does inclusion in the S&P 500 suddenly make Facebook more profitable?  Did inclusion in the benchmark add magic to Facebook’s business model? No. […]

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