an etf that tracks the S&P 500 is what then?

This is a big win for many S&P 500 etf holders

Exactly. The S&P 500 isn't a fund, but let's not pretend that inclusion in the index doesn't mean real money is at stake.

	▲	JumpCrisscross an hour ago \| parent [-]
		> let's not pretend that inclusion in the index doesn't mean real money is at stake Straw man. Nobody claims this. The point is (a) the state of decisionmaking was misrepresented for clicks and (b) the effects of a decision one way or the other way way overblown. Hating on Musk sells subs. That's fair and, frankly, deserved. It doesn't mean we need to get misled chasing that high.