00:00Reddit is joining the S&P 500, marking a major milestone for the social platform
00:05just two years after going public. The move could bring a wave of automatic buying from
00:10mutual funds and ETFs that track the benchmark, helping explain why Reddit shares jumped 12.6%
00:17following the announcement. Reddit has steadily strengthened its financial profile,
00:21posting record quarterly revenue and profits in most quarters since its 2024 IPO.
00:27Its addition to the index puts the once unconventional internet forum
00:31firmly inside the mainstream Wall Street machine.
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