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Reddit Stock Soars 12% on S&P 500 Inclusion News

Reddit (RDDT) surges 12% after being added to the S&P 500, replacing AvalonBay Communities following its merger with Equity Residential. Minimal direct impact on broader S&P 500 index performance.

Reddit Stock Soars 10% on S&P 500 Inclusion News

Reddit (RDDT) will join the S&P 500 on Aug. 18, replacing AvalonBay, boosting shares 10%+ on index-fund buying. Strong Q2 growth (revenue +61%, net income +183%) supports the move, though user growth…