> the same passive strategy they always have

You'll be shocked to know they have changed the inclusion rules a number of times.

I suspect if in 12 months these megacaps are still megacaps, they will revisit the profitability rules. It's hard to have an index with 500 of the largest, most significant companies leaving out companies with trillion dollar market caps.

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MikeNotThePope an hour ago | parent | next [-]

It’s a list of the 500 largest profitable companies. Gotta make some bottom line $$$ to be included. At least that’s how it’s worked in the past.

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matwood an hour ago | parent [-]

It also used to require 15 railroads, but the market moved on. They held tight on the profitability requirement with TSLA and missed a huge part of the growth. They may continue to hold the line on that going forward. But, if the AI companies grow their market caps, it's going to be hard to point to the S&P 500 as representing the most significant companies in the US market when trillions in market cap end up no represented.

Of course this all becomes moot if all the companies crash out. I don't think enough people are asking what if these companies don't crash out though.

	▲	tialaramex 6 minutes ago \| parent [-]
		It becomes moot if even some of the companies crash. If you try to say it works if some of them crash because some of them didn't you actually get that XKCD "Nobody has won the US Presidential Election without..." silliness. "OK, the rule should be you have to be profitable OR have an HQ in a city with two vowels in its name". Did it really used to require that you own "15 railroads" ?

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londons_explore 32 minutes ago | parent | prev [-]

My personal photography blogging business has a market cap of a trillion dollars too.

I have 1 trillion shares, and I sold 1 to a mate for a dollar.

Total company revenue is like 50 bucks a month and profits are nil.

Can I be in the S&P 500 too?

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matwood 18 minutes ago | parent [-]

Anthropic has raised $130B. It's a bit more than selling a share to your mate for $1.

	▲	Matl 3 minutes ago \| parent [-]
		Yes, it's like selling a share to a group of mates who hear from their mates that AI is hot so they want in. Still does nothing for the profit not being there to pay those investors back in any other way than via new investors (ie pension funds).