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FB to replace Infosys on Nasdaq-100 index

Posted on Dec 12, 02:55PM | IBNS

Popular social networking site Facebook is all set to become a part of the Nasdaq-100 index on Wednesday, media reports said.

It will replace Indian software giant Infosys Ltd on the index.

Facebbok currently has a market capitalisation of around Rs 1,62,000 crore while Infosys Ltd has a market capitalisation of Rs 1,37,327 crore.

Founded by Mark Zuckerberg in 2004, the social networking site made its public listing in May this year.