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A comment on S&P 500 to exclude Snap after voting rights debate. Parent comment

Re:S&P 500 to exclude Snap after voting rights debate by Chickenality on Tuesday August 01, 2017 @07:11PM (#14906348)
I think this assumes that the value of the voting rights is constant. In OP's example, the stock buyback only happens for voting shares, which should cause the market to update its estimate of the value of voting rights.
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Re:S&P 500 to exclude Snap after voting rights debate by thirtyseven on Tuesday August 01, 2017 @07:26PM (#14906457)
Good point! I don't really have enough (or any) economics knowledge to know how to model the value of voting shares in this case, but I think that there would also be downward pressure, for example as the voting power of company founders increases due to the reduction in number of voting shares.
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