Reported about 6 hours ago
Shares of Robinhood Markets and AppLovin fell approximately 7% and 6% respectively after neither company was included in the S&P 500 index, defying earlier expectations that suggested their inclusion. Analysts had fueled optimism for Robinhood following a record high on Friday, but the S&P Global's June rebalancing left the index unchanged. Additionally, reports indicated a short seller lobbied against AppLovin's inclusion, labeling it as risky.
Source: YAHOO