RSS
Nasdaq Launches Internet Index
By Daya Baran at November 27, 2007 0 CommentsThe Nasdaq (Nasdaq:NDAQ) today announced it has launched the NASDAQ Internet Index (Nasdaq:QNET). The Index is a new benchmark designed to track the performance of companies engaged in a broad range of internet-related services such as:
1) internet access providers
2) internet search engines
3) web hosting
4) website design
5) internet retail commerce
“The NASDAQ Internet Index is comprised of securities of companies that are at the forefront of internet technology. They are leading innovators in providing faster internet access, creating more intuitive e-commerce experiences, and developing the second generation Web,” said NASDAQ Senior Vice President Steven Bloom.
However, they NASDAQ did not provide a break down of the index composition. Many in internet industry have relied on Google (Nasdaq:GOOG) to be a proxy of the internet industry. Why not! Google operates:
1) the largest search engine
2) the largest online advertising network
3) the largest online video site
4) the third largest social networking site
5) one of the largest payment flow services, email and mapping services
Soon Google will be a big player in:
6) mobile applications
7) productivity applications
online storage services (other than email)
Labels: Checkout, google, Maps, Mobile, Online Advertising, Search, Social Networking, web applications, Youtube
