{"data":{"id":2191,"lang":"en","title":"Reddit Shares Jump 16% as Company Joins the S\u0026P 500","summary":"Reddit will join the S\u0026P 500 on August 18, replacing AvalonBay Communities, after posting 61% revenue growth in Q2.","category":"business","category_label":"Business","published_at":"2026-08-15T06:01:41Z","updated_at":"2026-08-15T06:01:41Z","url":"https://techtools.cz/tools/news/article/2191-reddit-shares-jump-16-as-company-joins-the-s-p-500","api_url":"https://techtools.cz/news-api/v1/articles/2191?lang=en","markdown_url":"https://techtools.cz/news-api/v1/articles/2191.md?lang=en","image_url":"https://media.zenfs.com/en/proactive_us_504/2a709744a8923230c56c34ad49e4ed71.jpg","word_count":138,"reading_time_minutes":1,"sources":[{"url":"https://www.cnbc.com/2026/08/13/reddit-shares-jump-11percent-on-inclusion-in-sp-500.html","domain":"cnbc.com"},{"url":"https://www.forbes.com/sites/tylerroush/2026/08/14/reddit-joins-the-sp-500-next-week-heres-what-that-means-for-shares/","domain":"forbes.com"}],"translation":{"lang":"cs","id":2264,"title":"Akcie Redditu vyskočily o 16 % po vstupu do indexu S\u0026P 500","url":"https://techtools.cz/tools/news/clanek/2264-akcie-redditu-vyskocily-o-16-po-vstupu-do-indexu-s-p-500","api_url":"https://techtools.cz/news-api/v1/articles/2264?lang=cs"},"content":"Reddit shares jumped as much as 16% on Friday after S\u0026P Dow Jones Indices announced the company will join the S\u0026P 500 on August 18, replacing AvalonBay Communities. The move makes Reddit only the second social media company in the benchmark index alongside Meta Platforms.\n\nThe inclusion follows a strong second quarter: revenue hit roughly $805 million, up 61% year-over-year, with advertising revenue climbing 64% to $762 million and gross margin holding above 91%. Net income more than doubled from a year earlier, and Reddit guided third-quarter revenue to $860-870 million, above analyst expectations.\n\nJoining the S\u0026P 500 typically forces index-tracking funds — including Vanguard's and BlackRock's S\u0026P 500 ETFs — to buy the stock, widening its investor base. Reddit went public in March 2024 and has since built out advertising partnerships with Google and OpenAI."}}