Business StandardCenter·
Online forum Reddit to join closely-tracked S&P 500 index next week
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 US stock market's health. A company is selected for the index based on several criteria that demonstrate stability, including market size and consistent profitability. Reddit's stock surged 12.6 per cent Friday. Aside from status, inclusion means more investme…
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