Reddit, Inc.
San Francisco, CA, United States
Company overview
Reddit, Inc. operates a digital community in the United States and internationally. The company's platform enables user to engage in conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share laughs, and find belonging. It also organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. Reddit, Inc. was founded in 2005 and is headquartered in San Francisco, California.
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Reddit Joins the S&P 500: Five Key Facts About RDDT's Business as Index Inclusion Sends Shares Surging
Reddit joins the S&P 500, replacing AvalonBay Communities on August 18. Shares surged 12%+ as the platform posted 61% revenue growth and $253M in quarterly net income.
Market News
Reddit Surges 12.6% After Earning S&P 500 Spot, Becoming Social Media's Second Pure-Play Member
Reddit shares jumped 12.6% after-hours following confirmation it will join the S&P 500 on Aug. 18, becoming only the second pure-play social media company in the index.