RIM and Netflix dropped from NASDAQ-100 financial index as Facebook gains a seat

RIM and Netflix dropped from NASDAQ-100 financial index as Facebook gains a seat

The NASDAQ-100 (NDX) is a weighted stock market index of the largest non-financial companies in the world, and as the new year approaches, tech companies are playing musical chairs; NASDAQ has announced that Facebook will join the ranks, while Netflix, Electronic Arts, and RIM will drop from the index in 2013. The news isn’t much of a surprise for Waterloo-based RIM , which has seen its stock tumble to new lows this year amid poor sales performance and gloomy projections for early next year. While the company still enjoys a strong international presence, RIM CEO Thorsten Heins acknowledged in November that RIM has “one shot” for recovery with its plan to launch BlackBerry 10 next year.

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RIM and Netflix dropped from NASDAQ-100 financial index as Facebook gains a seat

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