Reddit shares surged around 11% in after-hours trading after the social media company was selected to join the S&P 500 from August 18. The inclusion is expected to trigger passive-fund buying, while investors continue to track advertising growth, user engagement and AI-related traffic risks.
Reddit shares surged around 11% in after-hours trading after the social media company was selected to join the S&P 500 from August 18. The inclusion is expected to trigger passive-fund buying, while investors continue to track advertising growth, user engagement and AI-related traffic risks.
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