The NASDAQ-100 is a stock market index which tracks the performance of the largest non-financial companies in the world. Yawn. But every year, it gets a little reshuffle to keep it fresh and relevant—and the changes can be rather telling.
NASDAQ has just announced how its index will change in 2013, and the shuffle is a telling barometer of successes and failures in the tech industry. Newly public, Facebook will now be on the index, despite controversey surrounding its IPO earlier this year. At the other end of the scale, RIM is off the list—further confirmation that the company is circling the drain.