Electronic Arts Falls Off the NASDAQ 100 on Christmas Eve
Erstwhile publisher joins RIM, Netflix and more in this year’s shake up.
Looks like Santa Claus finally decided to check his naughty list. The NASDAQ exchange, which looks at the 100 largest non-financial stocks, has decided to drop Electornic Arts from its top 100 list from December 24th onwards. The reason hasn’t been explicitly stated, and is in fact quite odd when you consider the measure of success EA has had this year with Medal of Honor: Warfighter and FIFA 13. This is especially so when you look at the companies which are also falling off the index this time around.
Netflix is on its way out, along with Western Digital, Equinix and Liberty Media Corporation (owner of the TV channel Starz). Research in Motion or RIM, responsible for the highly popular business phone Blackberry, will also be off the index, what with the trouble year it’s had.
That makes 10 companies that are off the list this year. And while there are still plenty of gaming companies on the index including Activision, Microsoft and others with stakes in the same like Google and Apple, it must be more than little bizarre that one of the world’s top three publishers is absent.