Reddit's stock fell 7.6% on Monday, the session before its scheduled entry into the S&P 500 took effect. The shares kept sliding into Tuesday as the index change reached the market before the open, with investors watching for user-growth and data-licensing progress.
Reddit's stock fell 7.6% on Monday, the session before its scheduled entry into the S&P 500. The shares kept falling on Tuesday, as the index change took effect before the market opened.
The addition puts Reddit in the spotlight at a moment when investors want to see the social-media company's daily active user growth pick up and additional data-licensing deals with technology giants materialize.
Source: Barron's
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