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Potential Impact of Facebook Leaving the Technology Sector

Rachel Gunter
Updated
Potential Impact of Facebook Leaving the Technology Sector

Facebook (FB) and Google parent Alphabet (GOOGL) are set to transition out of the information technology (or IT) sector as part of industry classification changes announced by the S&P Dow Jones Indexes and the MSCI in January this year. In changes scheduled to go into effect in September 2018, Facebook, Alphabet, and several of their current IT sector peers will be moved to the communications services sector, where they will join the likes of Verizon (VZ) and AT&T (T).

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