Tuesday, March 12, 2013

Seattle Loses Two From NASDAQ Internet Index

Two, Seattle Internet companies have been dropped from the NASDAQ Internet Index, the market exchange's index of the Internet industry. According to the NASDAQ OMX, it drooped both Zillow and RealNetworks from its index. In the case of Zillow, competitor Trulia actually was added to the index. The NASDAQ OMX said its index is designed to track the performance of the largest and most liquid U.S.-listed companies engaged in internet-related businesses and that are listed in the U.S. Oddly enough, the Puget Sound Business Journal quoted the NASDAQ as saying Zillow was dropped since it is now considered a "real estate services company"--but the firm essentially competes head to head with Trulia, which was one of the firms added to the index.