Social networking giant Facebook Inc is all set to replace Indian software major Infosys Ltd to become a part of the Nasdaq 100 index from December 12.
Facebook will replace Infosys Ltd on the index.
The Facebook stock has lost a significant value since its much hyped public listing on May this year.
Facebook, Inc headquartered in Menlo Park, California currently has a market capitalisation of around $29.7 billion (Rs 162,000 crore). However, when the company went public, its market value was about $104
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Facebook has 65 mn active users in India