Reddit shares jumped 15% to $181.7 after being added to the S&P 500 next week, replacing AvalonBay Communities. The inclusion acknowledges Reddit's significant market cap of $30 billion and aligns with its strong performance, boasting an eighth consecutive quarter of sales growth.
Reddit shares jumped 15% to $181.7 after being added to the S&P 500 next week, replacing AvalonBay Communities. The inclusion acknowledges Reddit's significant market cap of $30 billion and aligns with its strong performance, boasting an eighth consecutive quarter of sales growth.
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