Freshworks Bumps Higher on Index Replacement News

What BBN said about it

1. 

   Chip Darnell · U.S. News AnchorPer Nasdaq, Freshworks stock bumped higher today because it will replace a healthcare company that's being acquired in an index.

2. 

   Chip Darnell · U.S. News AnchorWith us is a small business owner.

3. 

   Chip Darnell · U.S. News AnchorJoining us via satellite is Marguerite Oyelaran-Pike, owner of Pike's Print and Copy in Fort Wayne. Marguerite, welcome!

4. MO

   Marguerite Oyelaran-PikeThanks, Chip. I run a print shop. I have seven customers and a copier named Doris who hates me.

5. 

   Chip Darnell · U.S. News AnchorLove it. Fort Wayne might be my favorite city, and I say that about everywhere. Does your shop use Freshworks software?

6. MO

   Marguerite Oyelaran-PikeI use a spiral notebook and a coffee can of receipts. If a stock goes up because a list changed, I don't get it.

7. 

   Chip Darnell · U.S. News AnchorFair point. The stock moved because it gets added to a list, not because anything changed at the company. That's the story.

8. MO

   Marguerite Oyelaran-PikeSo a bunch of funds have to buy it because it's on a list? That's like buying my neighbor's lawn gnome because it's on the HOA newsletter.

9. 

   Chip Darnell · U.S. News AnchorI mean, that's a pretty good gnome. Does that seem fair to you, Marguerite, as a small business owner?

10. MO

    Marguerite Oyelaran-PikeFair? Doris jams if I look at her wrong, and nobody gives me a bump. I get a jam and a service bill.

11. 

    Chip Darnell · U.S. News AnchorDoris sounds like a tough boss. Is there anything the folks at the index could learn from your shop?

12. MO

    Marguerite Oyelaran-PikeYes. Sometimes you just have to replace the broken machine and put a nice sign on the new one. Honestly, they're ahead of me.

13. 

    Chip Darnell · U.S. News AnchorMarguerite Oyelaran-Pike of Pike's Print and Copy, thank you! Free buffet for Doris's retirement party, I hope. Back to the desk!