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A comment on Stock and Bond Markets Dethroned: Private Fundraising Is Now Dominant. Parent comment

Re:Stock and Bond Markets Dethroned: Private Fundraising Is ... by kspaans on Monday April 02, 2018 @04:57PM (#16739210)
False! SNAP has been explicitly excluded from the S&P500 index for exactly this reason[0]. I'm not sure if "whole market" passive funds would include it or not. At the very least VTI has 0.03% of assets in SNAP[1]. Not much to worry about.

0 - https://uk.reuters.com/article/us-snap-s-p-idUKKBN1AH2RV

1 - https://www.etfchannel.com/symbol/snap/

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Re:Stock and Bond Markets Dethroned: Private Fundraising Is ... by MR4D on Wednesday April 04, 2018 @12:11AM (#16751824)
You’re confusing the maintainer of the index’s ( Standard & Poors) with the implementation (Vanguard).

If S&P puts a company in, Vanguard will buy the shares. Not doing so could cause problems, including lawsuits.

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Re:Stock and Bond Markets Dethroned: Private Fundraising Is ... by kspaans on Thursday April 05, 2018 @05:01PM (#16768750)
Yes, and as I said the S&P500 index excludes companies like Snapchat with the founder-has-most-votes trick. I suppose the real issue here is how much money goes into which indices, and which ones exclude companies like these.
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