Core Viewpoint - A class action securities lawsuit has been filed against Reddit, Inc. alleging securities fraud that negatively impacted investors between October 29, 2024, and May 20, 2025 [1][2]. Group 1: Lawsuit Details - The complaint claims that the defendants made false statements regarding the impact of changes in Google Search's algorithm, which led to a significant reduction in traffic to Reddit [2]. - It is alleged that the defendants were aware that users were finding answers directly on Google Search, leading to a decrease in visits to Reddit, contrary to their public statements about user engagement and advertising revenue [2]. - The lawsuit highlights that the defendants lacked a reasonable basis for their outlook on user rates and advertising revenues, making their public statements materially false and misleading [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until August 18, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating a no-cost participation in the lawsuit [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, establishing its reputation as a leading securities litigation firm in the United States [4].

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Core Viewpoint - Rosen Law Firm is reminding investors who purchased Reddit, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The class action lawsuit pertains to securities purchased between October 29, 2024, and May 20, 2025, with a lead plaintiff deadline set for August 18, 2025 [1][2]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. Group 2: Allegations Against Reddit - The lawsuit claims that during the Class Period, Reddit's defendants made false and misleading statements regarding user engagement and advertising revenues [4]. - Specific allegations include that changes in Google Search's algorithm led to a significant reduction in traffic to Reddit, which the defendants failed to disclose [4]. - The lawsuit asserts that the increase in search queries for "Reddit" was misleading, as users were finding answers directly from Google without visiting Reddit [4]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [3]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3].

Company Performance - Reddit Inc. ended the recent trading session at $148.13, showing a +1.39% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.07% [1] - Over the past month, shares of Reddit Inc. have appreciated by 3.12%, underperforming the Computer and Technology sector's gain of 8.22% and the S&P 500's gain of 5.71% [1] Upcoming Earnings - Reddit Inc. is set to disclose its earnings on July 31, 2025, with analysts expecting earnings of $0.19 per share, representing a year-over-year growth of 416.67% [2] - The consensus estimate for revenue is $426.49 million, indicating a 51.68% increase compared to the same quarter of the previous year [2] Annual Estimates - For the annual period, Zacks Consensus Estimates anticipate earnings of $1.21 per share and revenue of $1.85 billion, signifying shifts of +136.34% and +41.98%, respectively, from the last year [3] Analyst Forecast Revisions - Recent revisions to analyst forecasts for Reddit Inc. reflect evolving short-term business trends, with upward revisions indicating analysts' positivity towards the company's operations and profit generation [4] Zacks Rank and Valuation - Reddit Inc. currently holds a Zacks Rank of 3 (Hold), with no change in the Zacks Consensus EPS estimate over the past month [6] - The company has a Forward P/E ratio of 121.1, which is a premium compared to the industry average Forward P/E of 29.49 [7] - Reddit Inc. has a PEG ratio of 3.75, compared to the Internet - Software industry's average PEG ratio of 2.22 [7] Industry Overview - The Internet - Software industry is part of the Computer and Technology sector and currently holds a Zacks Industry Rank of 73, placing it within the top 30% of over 250 industries [8]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Reddit, Inc. regarding a class action lawsuit due to alleged misleading statements and omissions that affected the company's stock performance during a specified period [1][3]. Group 1: Allegations - The complaint alleges that during the class period from October 29, 2024, to May 20, 2025, Reddit's management made materially false and misleading statements [3]. - Key allegations include that changes in Google Search's algorithm led to a significant drop in traffic to Reddit, as users were able to find answers directly on Google without visiting Reddit [3]. - It is claimed that the defendants were aware of the zero-click search phenomenon, which was adversely impacting Reddit's user engagement and advertising revenues [3]. Group 2: Class Action Details - Shareholders who purchased RDDT shares during the class period are encouraged to register for the class action, with a deadline set for August 18, 2025 [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [4]. - There is no cost or obligation for shareholders to participate in this class action [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].

The market expects Reddit Inc. (RDDT) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released o ...

Group 1 - The REIT Forum offers exclusive investment ideas and access to subscriber-only portfolios [1] - Amrita leads a family office fund in Vancouver, focusing on sustainable, growth-driven companies to maximize shareholder equity [2] - The fund aims to break down financial jargon and complex macroeconomic concepts to enhance financial literacy [2] Group 2 - Amrita's newsletter, The Pragmatic Optimist, has been recognized as a top finance newsletter and focuses on portfolio strategy and valuation [2] - Prior to her current role, Amrita worked in high-growth supply-chain start-ups and collaborated with venture capital firms to enhance user acquisition [2]

Core Viewpoint - A class action lawsuit has been filed against Reddit, Inc. on behalf of investors who purchased its securities during the specified Class Period, alleging misleading statements and failure to disclose critical information regarding user traffic and advertising revenue impacts due to changes in Google Search algorithms [1][3]. Group 1: Lawsuit Details - The lawsuit covers investors who acquired Reddit securities between October 29, 2024, and May 20, 2025 [1]. - Investors wishing to serve as lead plaintiffs must file their motion by August 18, 2025 [1]. - Allegations include that Reddit's management made false statements about user engagement and advertising revenue, failing to disclose the impact of Google Search's algorithm changes [3]. Group 2: Allegations Against Defendants - The lawsuit claims that changes in Google Search's algorithm led to a significant drop in traffic to Reddit, as users were able to find answers directly on Google without visiting Reddit [3]. - It is alleged that the increase in search queries for "Reddit" was misleading, as it did not indicate user intent to visit the site [3]. - The defendants are accused of lacking a reasonable basis for their forecasts regarding user rates and advertising revenues due to these undisclosed issues [3].

NEW YORK, July 24, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Reddit, Inc. (NYSE: RDDT) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Reddit, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases-investigations/reddit-inc-securities-fraud-class-action. Investors have until August 18, 2025, to ask the Court to ...

Kohl's became the latest meme stock rally this week. (Photo by Scott Olson/Getty Images) So why has Kohl's become the latest meme stock and why has retail been at the heart of many such runs? Getty Images Welcome back to meme retail share time, as department store retailer Kohl's meme stock became the latest unlikely name to unexpectedly and suddenly surge Tuesday. At its height, the retailer's stock more than doubled from Monday's close of $10.42 per share, only to see a lot of those gains wiped out as mar ...