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Depending on the voting structure of shares, many funds will pass over a company. SNAP, for example, is only in 20-some ETFs: https://www.etfchannel.com/finder/?a=etfsholding&symbol=SNAP

Most people investing in Mutual Funds and ETFs aren't getting exposure to SNAP. That may be the case with LYFT and Uber as well.

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It's the case of SNAP and LYFT because they have ownership structures which don't allow mutual funds to invest in them. Uber has a normal structure; any fund that mirrors the market will purchase the stock.

https://www.recode.net/2019/4/11/18302102/ipo-voting-multi-d...

> Back in 2017, the private ride-hailing company got rid of its dual-class voting structure that had enabled its previous CEO, Travis Kalanick, to make a lot of bad decisions.

What an interesting takeaway. Certainly bodes well for the average Uber investor, but really it only happened because of Travis.

Thanks for that link. FB has a dual-class structure, but its owned by all major ETFs: https://www.etfchannel.com/etfs/?symbol=FB

If UBER gets into indices, that would be scamming hard earned 401k dollars of unsuspecting ordinary folks. Sigh... More hate for Silicon Valley when folks figure out

Mutual fund and ETF investors have historically done quite well with FB.

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