Latest / Durham News Today | 2 Min News | The Daily News Now!
Reddit Joins S&P 500 | Durham News
Reddit is officially joining the S&P 500 next Tuesday, a major milestone that signals its status as a stable, profitable giant — sending its stock soaring nearly 14% on the news. Trillions in passive investments will now be forced to buy Reddit shares to stay aligned with the index, fueling potential growth. The move comes just weeks after Reddit posted its best revenue quarter ever and has been consistently profitable since going public. Wall Street predicts profits could more than double by 2026, cementing Reddit’s transformation from niche forum to market powerhouse. Listen in comfort:Get…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.