Reddit2026-08-15 04:52:19Reddit to Join the S&P 500 on Aug. 18 as Shares Jump More Than 15%S&P Dow Jones Indices said Thursday that Reddit (NYSE: RDDT) will be added to the S&P 500 before the market opens on Aug. 18, taking the spot vacated by AvalonBay Communities after a recent merger made it ineligible for the index. The announcement pushed Reddit shares up more than 15% during the trading session, with the stock at $178.09 by press time. The report said Reddit met the index’s screening rules, including four straight quarters of profitability and the required market capitalization threshold. Once the change takes effect, the stock will enter the portfolios of funds that track the S&P 500, including products named in the report such as the Vanguard S&P 500 ETF, iShares S&P 500 ETF, Fidelity 500 Index Fund, and Schwab S&P 500 Index Fund. ABMedia also noted that Reddit shares are still down more than 22% year to date despite the rally, and remain below the company’s previous high of $280. The article compared Reddit’s inclusion with past examples such as Tesla, which rose as much as 60% around its 2020 S&P 500 entry, and Workday, which initially gained nearly 10% but later pulled back about 19% after joining the index. The report added that Reddit has improved operations since its March 2024 IPO, helped by daily active user growth and advertising and data licensing deals with Google and OpenAI.1340
Moonshot AI2026-07-10 09:13:13Moonshot AI Accuses Cursor of License Violation Over Kimi K2.5 ModelMoonshot AI accuses Cursor of violating its license by using the Kimi K2.5 model in Composer 2 without proper attribution or payment. The developer identified matching tokenizers, raising compliance concerns. Cursor, valued at $29.3B, has not responded.1750