> Nasdaq 100 has always been marketed as a tech-forward index. It would be a bit ridiculous if they didn’t include the most value tech companies on the market.

What if they floated only .01%? What's the cutoff for it being ridiculous not to include?

> What if they floated only .01%? What's the cutoff for it being ridiculous not to include?

You’d probably still include it, at least for a tech index. But you’d underweight it relative to float for indices published for funds. (The pure play index would weight it wholly because informationally it’s still a whole company.)