Nasdaq vs. NYSE
from the tech-taking-down-the-Nasdaq dept
The Nasdaq did quite well during the dot com boom. Every IPO, it seemed, was on the Nasdaq – and they had no problem promoting that fact. So, with the dot com bubble popping and the associated lack of IPOs, Nasdaq is suffering. And their main competitor, the New York Stock Exchange is attacking them as much as they can. They’re carefully trying to convince companies to switch their listing to the more prestigious NYSE. Of course, what the article doesn’t point out is that plenty of companies made that leap in the past as well, but Nasdaq didn’t care so much since there were always more IPOs to add to their list of companies.
