Companies with multiple share-class structures, such as Snap Inc., won’t be allowed to join the S&P 500, according to new rules outlined by the operator of the most widely followed market benchmark. At issue is whether companies with unequal voting rights should be added to popular stock indexes, engines that directly power hundreds of billions of dollars invested in mutual and exchange-traded funds and the benchmarks against...

Source: Wall Street Journal August 01, 2017 18:22 UTC