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

During a Reddit AMA hosted 11 years ago, a user named GiveMeYourShekels asked newly anointed CEO Steve Huffman a couple of questions:

Steve, I'm a huge fan and I'd like to ask what your thoughts are about reddit being a potential game changer in politics and pop culture. Do you believe that the reddit community has an ability to sway public opinion and policy? Did you intend this when you created reddit?

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No, I just didn't want to look stupid in front of my parents.

Today, after the market close, S&P Dow Jones Indices announced that Reddit (RDDT) will replace acquisition target AvalonBay Communities (AVB) in its benchmark S&P 500 Index ($SPX), with the change taking place effective prior to the opening of trading on Tuesday, Aug. 18.

Right now, it seems safe to say that Huffman doesn't look stupid in front of his parents.