Tag Archives: Facebook

Why Facebook Was Dropped from the S&P 500® ESG Index

When the S&P 500 ESG (Environmental, Social, and Governance) Index underwent its annual rebalance after markets closed on April 30, 2019, several notable companies were removed, including Wells Fargo, Oracle, and IBM. However, the largest component to be dropped was Facebook. A day before its exclusion, Facebook held a weight of 2.5% in the S&P Read more […]

Trading in Facebook Shows Indexing Has Little to Do With Valuation-Based Dislocations

By the close of trading on Thursday, July 26, 2018, shares in Facebook (FB) traded down almost $99 billion, or 19% of their market value. Despite FB’s beginning weight of 2.16%, the S&P 500® was almost flat, losing 0.30% on the day. I suspect you will not hear much about this from those who attempt Read more […]

Facebook Selling Into the S&P 500

Facebook (FB), the most-watched candidate for the S&P 500 all year, will join the index tomorrow night, December 20th , after the market closes. Once ETFs, index mutual funds and other index funds complete their buying – probably sometime next week – roughly 12% of FB’s shares will be held by indexers.  As many expected, Read more […]