> computing total market capitalization by simply multiplying the last traded price by the number of shares is nonsensical It's a quick and easy calculation, a

> computing total market capitalization by simply multiplying the last traded price by the number of shares is nonsensical It's a quick and easy calculation, and you shouldn't worry too much about it. Pretty much anyone serious uses a market capitalization number calculated using the number of floating shares (shares actually available for trading by the general public), including all the (serious) index funds. Everything will be fine :) EDIT - For example S&P would assign this an IWF of 0.01, meaning it isn't even eligible for the S&P Total Market index fund, let alone the S&P 500: https://www.spglobal.com/spdji/en/documents/methodologies/methodology-sp-us-indices.pdf?utm_source=pdf https://www.spglobal.com/spdji/en/documents/methodologies/me... https://www.spglobal.com/spdji/en/documents/index-policies/methodology-sp-float-adjustment.pdf https://www.spglobal.com/spdji/en/documents/index-policies/m...