Tesla is replacing Aimco in the S&P 500 index next week.
After hours of deep research, I discovered why Aimco ($6B REIT) is getting the boot:
β itβs Twitter account has <2k followers
β I couldnβt find a single meme on the timeline
β itβs CEO doesnβt have a Twitter handle
This is Aimco CEO Terry Considine:
-- Harvard BA / Harvard Law
-- Colorado state Senator
-- Founded Aimco in 1994, owns 124 apartment complexes with ~33k apartments that brought in $900m+
-- Again, ZERO TWITTER HANDLE
Official S&P video announcing the Aimco / Tesla swap