ddit will join the S&P 500 on August 18, 2026. The company, which began as an internet forum, has expanded into an AI data provider after signing content-licensing deals with Google ($60 million per year) and OpenAI.
Shares rose 17% on Friday after the announcement, despite being down 25% year-to-date. The Google deal, signed in February 2024, gives the company a new revenue stream alongside its advertising business, according to reporting by Business Insider.
Follow for updates on how Reddit's stock performs after index inclusion.
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