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