Forbes Daily: Reddit’s Stock Climbs Ahead Of Joining The S&P 500
President Donald Trump and billionaire Elon Musk had one of the more unlikely coalitions in modern politics—until it abruptly, and very publicly, fell apart.
Now, the two speak about once a month, after a group of advisors worked to repair the relationship, the Wall Street Journal reported. The effort included late conservative activist Charlie Kirk, White House Chief of Staff Susie Wiles and Vice President JD Vance, and came after Musk torched Trump, Republicans and the broader administration on social media.
Musk has since expressed some regret about his time in politics. The world’s richest person told The Economist last month that he thinks he “got a little too involved in politics, got carried away frankly.”
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Social media platform Reddit will join the S&P 500 on Tuesday, replacing a real estate investment trust that was recently acquired. Inclusion in the index exposes the stock to a broader pool of investors, and Reddit shares closed up about........
