Kraft Moves to Nasdaq from Big Board; Was ‘Facebook Effect’ Overhyped?

Yes, Nasdaq may have bungled Facebook’s (FB) IPO, but that doesn’t apparently mean that public companies don’t trust it anymore. Kraft (KFT) announced today that it will switch its listing from NYSE (of NYSE Euronext (NYX)) to the Nasdaq (NDAQ) later this month to cut costs. Following the IPO, which was delayed and caused so [...]