Prohibited was the wrong word, you're right. Institutional investors that run ETFs have become averse to dual class stocks ($SNAP, $LYFT) because they don't hav

Prohibited was the wrong word, you're right. Institutional investors that run ETFs have become averse to dual class stocks ($SNAP, $LYFT) because they don't have the same voting power per share that they do with other share class setups. Indexes like S&P 500 have also stopped including listings that are dual-class -- this is changing though, see the articles I've linked below. - https://www.cii.org/dualclass_stock https://www.cii.org/dualclass_stock - https://citywireusa.com/professional-buyer/news/crown-duals-why-etfs-shouldnt-exclude-multi-class-stocks/a1150652 https://citywireusa.com/professional-buyer/news/crown-duals-... - https://www.washingtonpost.com/business/dual-class-shares/2019/01/14/a6158f3a-186d-11e9-b8e6-567190c2fd08_story.html https://www.washingtonpost.com/business/dual-class-shares/20...