News for hackers. Stuff that matters.

A comment on Uber, Postmates Agree on $2.65B All-Stock Deal. Parent comment

Re:Uber, Postmates Agree on $2.65B All-Stock Deal by YawningAngel on Monday July 06, 2020 @04:44AM (#23745886)
Indices don't include unprofitable companies for exactly this reason.
[ Parent | on HN ]
Re:Uber, Postmates Agree on $2.65B All-Stock Deal by js2 on Monday July 06, 2020 @08:51AM (#23747323)
There are several total market indexes and funds which follow them. They hold companies proportional to their market capitalization, irrespective of profitability. VTI holds 29,546,017 shares of Uber as of 5/31 for example.

https://investor.vanguard.com/etf/profile/overview/VTI

[ Parent | on HN ]