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Comment by deadbabe | Hacker News Reader

Cloudflare is in the S&P500. If you have a 401k diversified in broad market indexes then most likely… you are a shareholder.

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About half of US households don’t have any retirement at all. Making their point that “shareholders” are a distinct class separate from the whole of the population.

and sitll the US seems to be one of the biggest markets educated on "being a shareholder" im sure Europe has smaller percentage of them.

Yup. Over this side of the pond, stock market is this weird socially acceptable gambling for rich people.

> About half of US households don’t have any retirement at all.

...and the top 10% by wealth own 90% of the stock market.

So even among the half that do have retirement savings in 401ks and the like it is on average very little compared to how much the truly wealthy have invested.

This sounds like Elon’s IPO…I give you 0.000000000009% of my company for your whole savings account. Now have a part of the pie!

No, Cloudflare does not meet the criteria for inclusion in the S&P 500.

Interesting... I wanted to prove you wrong but it looks like you are right: https://en.wikipedia.org/wiki/List_of_S%26P_500_companies

What are you talking about? Cloudflare (NET) is not in the S&P500.

Also if you buy a index that invests in a stock that doesn't make you a shareholder. Vanguard, for example, would still be the shareholder in the company's records, not the people who invest in Vanguard's index funds. Of course, its stock price movements will have an impact on your holdings if the stock is in the index but legally, you are not a shareholder.

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