With Facebook's entry, a handful of other tech companies exit key stock index.
The shakeup that landed Facebook on Nasdaq's top 100 list is also leading to the departure of other prominent tech players.
Facebook was added last week to the Nasdaq 100, the collection of the largest 100 nonfinancial companies trading on the stock exchange. Facebook's addition to the index came with the departure of IT consulting company Infosys, which is moving over to the New York Stock Exchange.
However, Infosys is not the only tech company leaving the index. A handful of other prominent tech players, including Netflix and beleaguered handset maker Research In Motion will be dropped from the index on December 24, the stock exchange revealed late Friday.
The past 12 months have been rough on both company's stocks. Netflix recently became the target of hostile-takeover speculation following months of a lagging stock price, and RIM continues to lose market share to Apple and Samsung, which practically ... [Read more]
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