Market Where did all the stocks go? Nasdaq's CEO on shrinking market Updated : August 19, 2019 01:32 PM IST In the late 90s, when a bevy of hot dot-com companies was rushing to sell their shares on public markets, investors had more than 7,500 US stocks to choose from. The dot-com bust culled many of those stocks, though, and the number has continued to shrink steadily, now down more than half from its 1998 peak. That's doing a disservice to the typical investor, says Adena Friedman, chief executive officer of Nasdaq, who spoke recently with The Associated Press about how it can make income inequality worse. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.