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Reddit Joins S&P 500 Amid Explosive Growth | Tech News
Description
Reddit just made history—officially joining the S&P 500, a major milestone for the platform. With revenue soaring past $2 billion and profits hitting $530 million, Reddit’s explosive growth—8 straight quarters of over 60% revenue increases—has caught Wall Street’s eye. The move, happening early due to another company’s exit, underscores Reddit’s rising power: it’s now the third most visited U.S. site, a hub for 26 billion authentic posts, and a key player in the AI info revolution. CFO Drew Vollero calls it validation of their momentum—and their community-first mission.
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