Facebook gets dumped from an S&P index that tracks socially responsible

Re:Facebook gets dumped from an S&P index that tracks social... by ComputerGuru on Friday June 14, 2019 @03:33PM (#20185992)

Why was it on there in the first place? It's hardly as if they just did an about-face that reversed their social standing.

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Re:Facebook gets dumped from an S&P index that tracks social... by farisjarrah on Friday June 14, 2019 @04:16PM (#20186322)

Did you see the other member organizations of the ETF? I think their definition of being "Socially Responsible" is highly suspicious. Here are the top 10 ticker symbols in that index according to the S&P indicies website: https://www.spindices.com/indices/equity/sp-500-esg-index-us...

Microsoft Corp, Apple Inc., Amazon.com Inc, Johnson & Johnson, JP Morgan Chase & Co, Alphabet Inc C, Alphabet Inc A, Exxon Mobil Corp, Visa Inc A, Procter & Gamble

How Exxon Mobile and Amazon are "Socially Responsible" companies is beyond comprehension.

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Re:Facebook gets dumped from an S&P index that tracks social... by ekimekim on Friday June 14, 2019 @04:23PM (#20186362)

It's in comparison to weapons manufacturers, coal and oil companies, etc. A "less awful" index, if you will. If they were actually only including socially responsible companies the index would be useless, as it would be empty.

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Re:Facebook gets dumped from an S&P index that tracks social... by AznHisoka on Friday June 14, 2019 @06:31PM (#20187193)

Why would it be empty? I can name several socially responsible companies like Blackbaud (software for non profits) and Docusign (sponsors save the rainforest initiatives)

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Re:Facebook gets dumped from an S&P index that tracks social... by tdhoot on Friday June 14, 2019 @04:29PM (#20186419)

Exxon Mobil?

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