Facebook Inc (NASDAQ:FB) will replace Infosys Ltd ADR (NASDAQ:INFY) as part of the NASDAQ’s 100 group of companies that conclude the movement of the NASDAQ index. The news followed the Infosys Ltd ADR (NASDAQ:INFY) statement that it would be transferring its listing to the New York Stock Exchange (NYSE) from NASDAQ to make its stock more available to the international investors.

facebook shares

The move is expected to boost the price of stock as index fund managers will snap up the stock to make certain that their fund reflects the constituents of NASDAQ 100. The retail investors are also expected to add Facebook Inc (NASDAQ:FB) stock to give a more stable outlook to their portfolio.

In the third week of November, Facebook shares began to escalate as the stock hit a four month high. After its IPO issue in May, which was priced at $38 per share, the stock was declining largely and traded to the low of $18 in September.

Inspite of a bearish outlook that many analysts had on Facebook stock, the company continues to execute with its current market capitalization of approximately $59 billion. The share prices are not even close to its issue price, but are showing an upward trend.

The third quarter results from the social network were ahead of the expectations of Wall Street. The largest social networking site recorded revenue of $1.26 billion, which was up by 32 percent compared to the third quarter of 2011 revenue of $954 million.

As TNW reported, the company’s most recent earnings included revenue of “$1.26 billion and earnings per share of $0.12 on a non-GAAP basis.” The company faces continued costs relating to stock-based compensation.

It is remarkable that Facebook Inc (NASDAQ:FB) has been given this outstanding placement and all the status attached to it. No other Internet company, such as Groupon Inc (NASDAQ:GRPN), Pandora Media Inc (NYSE:P), Zynga Inc (NASDAQ:ZNGA), or LinkedIn Corporation (NYSE:LNKD) which have recently gone public could get this prominent stature.

Taking into account the customer base of Facebook, which is more than 1 billion users, it is of little astonishment that the company has gotten the nod instead of one of its constituents. Even LinkedIn Corporation (NYSE:LNKD), which became a Wall Street favorite, owns a market capitalization of approximately $11.4 billion, which, when compared to Facebook lags far behind. Facebook Inc (NASDAQ:FB) is the largest company than all other company’s of the same industry when compared on market capitalization.

NASDAQ confirms that Facebook Corporation (NASDAQ:FB) will be added on December 12th, or around 7 months after its initial public offering.