[gitfan86]

The goal of SP500 is to provide exposure to the 500 biggest companies, not protect shareholders. I think IBM might do poorly when AI destroys their overpriced IT outsourcing business, but that doesn't mean SP500 should kick them out.

[sigmoid10]

Again, that's not the issue here. Long-term, these things should absolutely go into the index if they fulfill the size requirement. It's the IPO process that has people worried (and rightly so).