Reddit (RDDT) Is Joining the S&P 500 —What’s Next for the Company?

Reddit Inc. announced it would be added to the S&P 500 index effective Tuesday, August 18, replacing AvalonBay Communities in the benchmark. The company’s stock price climbed 12.63 percent on Friday to close at $178.09 per share in response to the news. According to the S&P Dow Jones Indices, the inclusion represents a major milestone that could increase the platform’s exposure to index-tracking funds and global investors.
The addition comes after strong financial performanc