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Online forum Reddit will join the influential and closely tracked S&P 500 index
Associated Press1d agoneutral
Online forum Reddit will join the influential and closely tracked S&P 500 index

Reddit will join the S&P 500 next week, giving the wide-ranging online forum a boost in prestige and investments. Joining the S&P 500 is considered an achievement for a company because the index is a widely followed measure of the broader U.S. stock market’s health. Reddit's stock surged nearly 14% around midday Friday.

Reddit Shares Pop Before S&P 500 Inclusion
The Wall Street Journal1d agoneutral
Reddit Shares Pop Before S&P 500 Inclusion

Two years after going public, social-media platform Reddit is joining the S&P 500. It will replace AvalonBay Communities, a real-estate investment trust that is being bought by fellow S&P 500 member Equity Residential, creating a vacancy in the index. Reddit will take AvalonBay's spot before trading opens on Aug. 18, S&P Dow Jones Indices said after Thursday's close.

Reddit Q2 Earnings Call Highlights
MarketBeat14d agoneutral
Reddit Q2 Earnings Call Highlights

Reddit (NYSE:RDDT) reported second-quarter revenue growth of 61% as advertising sales rose 64%, while executives said the company is prioritizing product improvements intended to convert more weekly visitors into daily, direct users amid volatility in search referrals. Total revenue reached $805 mi

Investing.com23d agoneutral
Alphabet, Reddit added to Wedbush’s Best Ideas List

Investing.com -- Wedbush analyst Ygal Arounian added both Alphabet and Reddit to the firm's Best Ideas List on Thursday, citing cloud share gains and advertising momentum as the respective investment theses for each name.

Reddit may have a search edge social rivals lack
TheStreet34d agoneutral
Reddit may have a search edge social rivals lack

Reddit (RDDT) is generally considered a social-media stock. That may understate the opportunity. Reddit won social media ad share in the second quarter, bolstered by contextual targeting, a high-intent audience, and incremental reach, Jefferies underlined. But the hidden investor implication is ...

Bloomberg40d agoneutral
Reddit Is Cracking Down on AI Marketing Slop With Its Own AI

(Bloomberg) -- Reddit Inc. is battling a new kind of spam: stealth marketing content created by brands that want to get mentioned by popular artificial intelligence chatbots like ChatGPT and Gemini.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsThe Tanker Tycoon Making Millions on Hormuz Shuttle RunsModi’s Flagship Biofuel Push Faces Backlash From MotoristsOil’s Supply Wave, Tumbling Prices Re

Google gives Reddit surprising tailwind
TheStreet68d agoneutral
Google gives Reddit surprising tailwind

For most of its time in the public markets, Reddit (RDDT) has been a story of artificial intelligence data. That story still holds. The company’s user-generated discussions have grown increasingly useful for AI developers seeking real-world conversations, queries, and opinions. But there's a second ...

Chipotle CEO shares a secret menu tip with customers
TheStreet87d agoneutral
Chipotle CEO shares a secret menu tip with customers

Social media sites such as Instagram and Reddit are full of food hacks and tips for getting the most out of eating out. Especially for places like Chipotle, where diners go for a bowl instead of a burrito, or get a tortilla on the side to stretch a single order. The goal is simple: get the ...