National

"S&P 500 to exclude Snap after voting rights debate," by Reuters' Trevor Hunnicutt: "The S&P 500 will start excluding companies that issue multiple classes of shares, ... a move that effectively bars Snap after its decision to offer stock with no voting rights."

"Existing components of the S&P index with several share classes — such as Google parent Alphabet and Berkshire Hathaway — will not be affected."

S&P 500 drops Snap stock

The S&P 500 will start excluding any companies that that issue multiple classes of shares.

Technology

Business

&quot;S&amp;P 500 to exclude Snap after voting rights debate,&quot; by <a class="gtmContentClick" data-vars-link-text="Reuters&#x27; Trevor Hunnicutt" data-vars-click-url="http://link.axios.com/click/10217107.108958/aHR0cDovL3d3dy5yZXV0ZXJzLmNvbS9hcnRpY2xlL3VzLXNuYXAtcy1wLWlkVVNLQk4xQUgyUlY_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPW5ld3NsZXR0ZXJfYXhpb3NhbSZzdHJlYW09dG9wLXN0b3JpZXM/58bd655299964a886b8b4b2cB84c6e875" data-vars-content-id="634b2052-e678-422c-8f68-75fbe1b7f1b1" data-vars-headline="S&amp;P 500 drops Snap stock" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="http://link.axios.com/click/10217107.108958/aHR0cDovL3d3dy5yZXV0ZXJzLmNvbS9hcnRpY2xlL3VzLXNuYXAtcy1wLWlkVVNLQk4xQUgyUlY_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPW5ld3NsZXR0ZXJfYXhpb3NhbSZzdHJlYW09dG9wLXN0b3JpZXM/58bd655299964a886b8b4b2cB84c6e875" target="_blank">Reuters&#x27; Trevor Hunnicutt</a>: &quot;The S&amp;P 500 will start excluding companies that issue multiple classes of shares, ... a move that effectively bars Snap after its decision to offer stock with no voting rights.&quot;<ul><li>&quot;Existing components of the S&amp;P index with several share classes — such as Google parent Alphabet and Berkshire Hathaway — will not be affected.&quot;</li></ul>

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

S&P 500 drops Snap stock

Go deeper