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Upvoted Into S&P 500, Is Reddit Getting Ratioed?

Summary by The Daily Upside
Reddit became the second social media company in the S&P 500 yesterday, joining Meta.  S&P Dow Jones Indices announced on Thursday that Reddit would replace AvalonBay Communities, a real estate investment trust being acquired by fellow S&P member Equity Residential.  Investors initially upvoted Reddit’s stock ahead of the social platform joining the S&P 500. But sentiment switched not long afterward as concerns mounted about the company and its …

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BizToc broke the news on Wednesday, August 19, 2026.
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