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Reddit Surges Over 16% After Inclusion in S&P 500 Index

On August 14, Reddit (RDDT.US) saw a surge of over 16%, reaching $184.28. The news comes as S&P Dow Jones Indices announced that Reddit will be added to the S&P 500 Index next week through a non-routine adjustment. Reddit's previously released financial report showed that it has achieved over 60% revenue growth for the eighth consecutive quarter, with second-quarter revenue increasing by 61% year-on-year to $805 million, and net profit attributable to shareholders rising by 183% year-on-year to $253 million, showcasing strong overall financial performance.

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