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Thank you for explaining. People talk about the S&P rules like they are written in stone. There's so much emotion around these exact companies and not the struc
by matwood 5mo ago
Thank you for explaining. People talk about the S&P rules like they are written in stone. There's so much emotion around these exact companies and not the structural shifts that may cause the S&P to adjust its rules. For example, for a time they banned dual class share companies, which would have banned Google from entering today (they were grandfathered on). A ban which they reversed 5ish years later.
They have resisted that pressure historically, and remained fairly conservative. But if these companies stay in the 1T+ range, that's an amount of pressure they have not had in the past. You also missed one of the largest exclusions for a time for profit reasons that's also relevant here - TSLA.
- oakinnagbe 5mo ago[dead]