CEO Steve Huffman Once Said of Creating Reddit, ‘I Just Didn't Want To Look Stupid In Front Of My Parents’ — Now RDDT Stock is Joining the S&P 500 Index

The company is being added to the S&P 500, according to the Yahoo Finance report published August 13. The story also revisits CEO Steve Huffman’s earlier explanation that he created Reddit because he did not want to look stupid in front of his parents, underscoring the distance between the company’s informal origins and its current public-market status.

Reddit reported FY 2025 revenue of $2.2B, up 69.4% YoY, with diluted EPS of $2.62 and a 24.1% net margin, based on SEC EDGAR data. Those figures provide the operating backdrop for the index inclusion and connect the event directly to RDDT’s earnings profile.

The immediate catalyst is the index entry and the associated institutional visibility. The next evidence will come from how the shares trade after inclusion and whether the company can sustain the reported growth and profitability in subsequent filings.