So interesting that Apple does this around $400... meanwhile Amazon's over $3,000 and couldn't care less.
It's very curious to me how and why different companies decide whether this is important or not.
It's very curious to me how and why different companies decide whether this is important or not.
[1] https://www.cnbc.com/2017/08/01/snapchat-excluded-from-sp-50...
It turns out that there are indeed share classes of these companies with no voting rights (GOOG, class C) but I haven't found an example of a company that doesn't have some voting shares in non-insider hands.
It's still shitty that the S&P indices barred SNAP while turning a blind eye to the existing inequities. I'm perfectly okay with them barring new split share listings but at least begin to apply it to others that benefit from the lack of corporate governance.
[1] https://berkshirehathaway.com/compab.pdf#:~:text=Berkshire%2....
For example I'd like to sell some covered calls for my AMZN as a hedge against a correction later, but since I don't own $300k+ of AMZN share, I literally cannot sell a single call contract.
I'm not saying it would be a great idea or anything, just that it's going to happen eventually and being first will probably garner a fair amount of business and attention (both positive and negative).
As an example, I’m currently holding contracts I purchased in March on SPXL and the daily volume is less than 5. With such low volume, the practicality of fractional ownership is not there.