This needs to be higher for more visibility, because the weighting and the float's proportions are an important aspect that most news sources or comments fail to mention.
replyCorrect me if I'm wrong, but 0.1% of S&P 500 seems exceedingly huge when you consider how much of the economy is represented in the S&P 500.
replyhttps://www.slickcharts.com/sp500
replyAt .1% they'll have the same weight as something like DoorDash.
This really makes it clear. Thank you!
reply>The NASDAQ 100 is an exception, and has changed its rules to weight companies at up to three times their free float, in an apparent effort to woo Mr Musk.
replyim not a finance guy, can someone explain to me why the nasdaq would want to "woo" someone specifically? what benefit would nasdaq get? or, alternatively, what harm would befall nasdaq for not woo-ing musk?
how dare you come in with rationality in the face of ELON BAD
replyIt's still extremely corrupt, and done to benefit a very small group of people. Dismissing the criticism like this is directly against the rules and spirit of hackernews to assume good faith
replydeleted
reply