Here's a sign of how much of our lives we spend online these days: Nasdaq announced on Friday that DocuSign, the electronic signature software company, would be joining its Nasdaq 100 index. What would it be replacing? The venerable but currently beleaguered United Airlines.
DocuSign just debuted on the Nasdaq back in 2018. It will join cloud companies Adobe, Workday and Zoom Video Communications on the index, reflecting the rise of cloud services as companies opt for systems they don’t need to operate on their own data center infrastructure.
The Nasdaq 100 Index is a basket of the 100 largest, most actively traded U.S companies listed on the Nasdaq stock exchange. The index includes companies from all industry sectors except for the financial industry.