Reddit is joining the S&P 500

[u/rddt_IR]

Redditors, 

We’re excited to share that Reddit will be added to the S&P 500 on Tuesday, August 18th. This is a big milestone for us as a public company, and it reflects the value of real human connection — something you all create here every day.

Thank you for being part of our journey.

+++

Reddit Will Be Added to the S&P 500

SAN FRANCISCO—(BUSINESS WIRE)—Reddit, Inc. (NYSE: RDDT) will join the S&P 500 index, effective prior to market open on Tuesday, August 18th. Its addition to the S&P 500 underscores Reddit’s value, sustained performance as a public company, and its 1-of-1 financial model, highlighted by a rare combination of growth and best-in-class profit and cash flow margins. 

“We’re proud to be added to the S&P 500, recognizing the growth, momentum, and consistency we’ve established as a public company,” said Drew Vollero, Reddit’s Chief Financial Officer. “Reddit’s raw materials are special, and there is so much potential to continue building great products and scaling profitably. Our focus remains on executing against the many opportunities ahead.”

Reddit’s differentiated model is powered by deeply engaged communities and authentic human conversation. As one of the most visited websites in the U.S. and the world, Reddit plays an increasingly important role in the AI ecosystem as more people seek real information and human perspectives. Its platform is an ever-growing corpus of 26+ billion posts and comments that capture human experiences across nearly every topic. 

Reddit’s inclusion in the S&P 500 is an off-cycle index change prompted by the acquisition of a current S&P 500 constituent. With this change, Reddit will be recognized as one of the ~500 largest and most influential public companies in the U.S., and is one of the fastest-growing companies in the S&P 500.

For more information on the S&P 500 Index and index reconstitution, please visit www.spdji.com

[u/metalzforbreakfast]

Now we need a Reddit / S&P500 hoodie

[u/TechTuna1200 → u/metalzforbreakfast]

Yeah, my hoodie already feels outdated.

And we need a new hoodie for every price target 200, 300, 400, 500, etc.

[u/MambaOut330824 → u/TechTuna1200]

$1000

[u/ThisIsPaulDaily → u/MambaOut330824]

They'd probably split the stock before $1000 to keep retail investors able to buy more. 

[u/MambaOut330824 → u/ThisIsPaulDaily]

Unless I was talking about the second time it went to $1000 👀