WSJ Tech News Briefing · Friday, August 14, 2026
Social media platform Reddit is set to be included in the S&P 500 index, replacing Avalon Bay Communities. Avalon Bay Communities is being acquired by Equity Residential, another S&P 500 member, creating the vacancy. Reddit shares saw a significant increase of over 13% in morning trading following the announcement.
“And social media platform Reddit is joining the S&P 500.”
“S&P Dow Jones Indices, which reviews the makeups of various indexes, says Reddit will replace Avalon Bay Communities, a real estate investment trust being bought by fellow S&P 500 member Equity Residential, creating a vacancy in the index.”
“Reddit shares are up more than 13% in morning trading.”