Snap is eligible to join the S&P 500 after S&P Dow Jones Indices decided to ditch a rule barring companies with multiple share classes from joining its indexes, MarketWatch’s Jeremy Owens reports. The move comes after the index manager consulted with "market participants" at the end of last year to discuss several potential changes to the policy, Owens writes. The ban was put in place after Snapchat’s parent company solid IPO shares with no voting rights. See Insiders’ Hot Stocks on TipRanks >>
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