S&P Dow Jones Indices said late Thursday that Reddit will be added to the S&P 500 prior to the start of trading on Aug. 18.
The company has been a stunning success since its 2024 market debut.
Reddit's inclusion in S&P 500 produces heavy demand from index funds but does not alter the fundamentals of the stock.
Reddit users are complaining about problems connecting to the online forum, with thousands of people telling DownDetector on Wednesday that the service is down. In a service post, Reddit said it's ...
Reddit (NASDAQ:RDDT | RDDT Price Prediction) is rapidly transforming into a major growth engine, capitalizing on its vibrant community and evolving business model. The company’s second-quarter ...
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