American web developer and entrepreneur; co-founder and CEO of Reddit
Reddit has been added to the S&P 500 ahead of trading on Aug. 18, replacing AvalonBay Communities as the index rebalances. The move comes amid Reddit’s expanding data-licensing and AI-related partnerships, which have helped drive revenue growth and position the platform as a valuable data source for tech firms and advertisers.
Reddit has announced tests of a primarily logged-in experience in select markets outside the U.S. as it seeks to deepen engagement, improve ad targeting and curb content scraping. The move follows a Q3 where revenue grew strongly, though search referrals have declined and Q4 guidance is weak.