Some Facebook Fun: At an implied valuation of $109 billion , its market cap would just fall short of Cisco Systems . Cisco is currently the 8th largest company on the Nasdaq 100 and it holds a 3.4% weighting in the index.
Rank Company Market Cap Nasdaq 100 Weighting
1 Apple $582 billion 18.3%
2 Microsoft $262 billion 8.2%
3 Google $207 billion 6.3%
4 Oracle $145 billion 4.6%
5 Intel $140 billion 4.4%
6 Vodafone $136 billion 4.2%
7 Qualcomm $114 billion 3.5%
8 Cisco Systems $110 billion 3.4%
Facebook would be bigger than each of the following fellow Nasdaq 100 members: Amazon.com , Comcast , News Corp , eBay , Starbucks . (Of course, the above numbers could change a bit as the actual Facebook listing approaches.)
EGAN-JONES CUTS US CREDIT RATING TO 'AA,' CITING DEBT /CNBC.com: “Rating firm Egan-Jones cuts its credit rating on the U.S. government to "AA" from "AA+" with a negative watch, citing a lack of progress in cutting the mounting federal debt. When debt-to-GDP exceeds 100 percent, a country's financial flexibility becomes increasingly strained," Managing Director Sean Egan wrote in his report on the downgrade. "For the first time since World War II, U.S. debt exceeds 100 percent." The U.S. dollar fell slightly against the yen after the news, which came at the start of Asia's trading day.”
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