Reddit Joins S&P 500 | Business and Finance News

Reddit is officially joining the S&P 500 next Tuesday — a massive milestone that means trillions in passive investment will flow into its stock as index funds automatically buy shares to stay aligned. After hitting revenue targets, posting consistent quarterly profits since going public, and meeting the 12-month public trading requirement, Reddit’s inclusion signals Wall Street’s confidence in its growth, with projections showing profits doubling in the next couple of years. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b41a09866e09a601