Core Viewpoint - A class action securities lawsuit has been filed against Reddit, Inc. for alleged securities fraud affecting investors between October 29, 2024, and May 20, 2025 [1][2]. Group 1: Lawsuit Details - The complaint alleges 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 claimed 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 rates and advertising revenues [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 this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky 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 as one of the top securities litigation firms in the United States for seven consecutive years [4].

Welcome back to Overtime. Well, Reddit shares have outperformed in the last month, up 42%, but it's still down 3% for the year. Our next guest says the company is going to emerge as a surprise AI winner.He expects its revenue from AI platforms to increase exponentially by early 2027. Let's bring in Lightshed Partners co-founder, Rich Greenfield. Rich, welcome.I can't help but notice for me. Yeah. and my latest open AI queries that it seems to be getting a lot of signal probably from Reddit.There aren't a lo ...

Core Insights - Reddit's stock experienced a significant increase of 34% last month, driven by broader market gains, the launch of a new Community Intelligence product, and positive developments in artificial intelligence [1][2][10] Product Development - The introduction of Reddit Community Intelligence at the Cannes Lions Festival is a major highlight, described as "collective knowledge from the billions of human conversations across Reddit" [4] - The platform features two main tools: Reddit Insights, which provides marketers with real-time insights from 20 years of conversations, and Conversation Summary Add-ons, which integrates positive user content below advertisers' posts [5][6] - Both tools are currently in alpha testing, indicating that Reddit is leveraging its user-generated content to enhance its advertising capabilities and AI initiatives [6] Market Sentiment - Analyst commentary has been positive, particularly regarding Meta's acquisition of Scale AI, which may increase the value of data-licensing businesses like the one Reddit is developing [7] - Since its IPO in March, Reddit has shown strong growth and profitability, marking a shift from its previous 20 years of operating at a loss [9] - The excitement surrounding the Community Intelligence tool suggests investor confidence in Reddit's potential in AI and advertising, although its immediate impact on profitability remains uncertain [10]

LOS ANGELES, July 03, 2025 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP reminds investors of the upcoming August 18, 2025 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Reddit, Inc. (“Reddit” or the “Company”) (NYSE: RDDT) securities between October 29, 2024 and May 20, 2025, inclusive (the “Class Period”). IF YOU SUFFERED A LOSS ON YOUR REDDIT INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOU ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Reddit, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements during a specified class period, which has impacted shareholder value [1][2]. Allegations - The lawsuit claims that during the class period from October 29, 2024, to May 20, 2025, Reddit's management failed to disclose significant changes in Google Search's algorithm that led to a decline in user traffic to Reddit [1]. - It is alleged that the changes in Google's algorithm, including features like AI Overview, caused users to stop their queries on Google Search, which was not previously experienced [1]. - The complaint states that the increase in search queries for "Reddit" was misleading, as users were finding answers directly from Google without visiting Reddit, indicating a zero-click search phenomenon that adversely affected Reddit's traffic [1]. - The defendants are accused of lacking a reasonable basis for their forecasts on user rates and advertising revenues, leading to materially false public statements [1]. Next Steps for Shareholders - Shareholders who purchased RDDT shares during the class period are encouraged to register for the class action by August 18, 2025, to potentially become lead plaintiffs [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle, with no cost or obligation to participate [2]. About the Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [3].

Core Insights - The Canadian online gambling market is experiencing significant growth, with Reddit serving as a vital platform for players seeking genuine insights into new online casinos for 2025 [2][4][31] - Key qualities that distinguish top online casinos include game variety, transparent bonuses, security measures, and user experience [6][10][12][14] Market Overview - The online gambling sector in Canada is expanding due to technological advancements, increased mobile accessibility, and a shift towards digital entertainment [4][26] - Reddit discussions provide unfiltered opinions from players, focusing on critical factors such as game diversity, bonus transparency, payout speeds, and customer support [5][6] Casino Features - Top online casinos in Canada offer extensive game libraries, including thousands of titles across various categories, with a focus on high return-to-player rates [8][9] - Bonuses and promotions are essential, with players favoring substantial welcome packages and transparent terms, typically with wagering requirements around 35x [10][11] - Security is paramount, with players prioritizing platforms that ensure robust encryption, fast payouts, and licensing from reputable authorities [12][13] User Experience - A seamless user experience is crucial, with mobile-optimized interfaces and multilingual support being highly valued by players [14][15] - Round-the-clock customer support is a hallmark of top casinos, ensuring prompt issue resolution [15] Legal Framework - The legal landscape for online gambling in Canada varies by province, with Ontario leading the way in establishing a regulated market that emphasizes transparency and player protection [16][18] - Players are encouraged to choose licensed platforms to ensure safety and fairness, avoiding unregulated options [18] Community Influence - Reddit plays a significant role in shaping player experiences, with users sharing insights, successes, and warnings about various platforms [20][21] - The community promotes responsible gambling practices, encouraging players to set budgets and utilize tools for managing spending [22][23] Future Trends - The online casino market in Canada is expected to continue thriving, with a focus on mobile optimization, fair promotions, diverse game offerings, and commitment to responsible gambling [24][25][26]

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]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from October 29, 2024, to May 20, 2025 [3]. - Allegations include that Reddit's management failed to disclose significant changes in Google Search's algorithm that led to a decrease in traffic to Reddit, which was not comparable to previous instances of reduced traffic [3]. - It is claimed that the increase in search queries for "Reddit" was misleading, as users were finding answers directly on Google without visiting Reddit, leading to a dramatic reduction in traffic that the company could not mitigate in the short term [3]. - The defendants are accused of lacking a reasonable basis for their forecasts on user rates and advertising revenues, resulting in materially false and misleading public statements [3]. Next Steps for Shareholders - Shareholders who purchased RDDT shares during the class period are encouraged to register for the class action by August 18, 2025, to potentially be appointed as lead plaintiffs [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [4]. Law Firm's Commitment - The Gross Law Firm is recognized for its commitment to protecting investors' rights against deceit and fraud, aiming to ensure companies engage in responsible business practices [5].

Core Viewpoint - A lawsuit has been filed against Reddit, Inc. and its senior executives for potential violations of federal securities laws, specifically related to misrepresentations about user growth impacted by Google's AI technology [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of California, titled Tamraz, Jr. v. Reddit, Inc., et al., No. 25-cv-05144 [2]. - Investors have until August 18, 2025, to request to lead the case [2]. Group 2: Allegations Against Reddit - The complaint alleges that Reddit downplayed the negative impact of Google's AI on its user growth, which has been significant as users can find answers directly through Google without visiting Reddit [3][4]. - The lawsuit claims violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. Group 3: Stock Performance - Following the announcement of a slowdown in daily active user growth on May 1, 2025, Reddit's stock price fell by $4.96, or over 4%, from $118.79 to $113.83 per share [5]. - On May 21, 2025, after an analyst cut the stock price target due to concerns over Google's AI, Reddit's stock dropped by $9.79, or over 9%, from $105.64 to $95.85 per share [6].

Group 1 - The DJS Law Group has announced a class action lawsuit against Reddit, Inc. for violations of federal securities laws, specifically targeting shareholders who purchased securities between October 29, 2024, and May 20, 2025 [1][2] - The lawsuit alleges that Reddit made false and misleading statements regarding the impact of changes to Google's search algorithm on its traffic, which was affected in materially different ways than previous changes [2] - The company was aware that users were searching for "Reddit" on Google to find answers without visiting the site, indicating a significant challenge in traffic management due to Google's changes [2] Group 2 - DJS Law Group specializes in securities class actions and corporate governance litigation, focusing on enhancing investor returns through balanced counseling and aggressive advocacy [4] - The firm represents some of the largest hedge funds and alternative asset managers, emphasizing the value of litigation claims as significant assets [4]

Core Viewpoint - A class action lawsuit has been filed against Reddit, Inc. for allegedly misleading investors about reduced user traffic due to changes in Google Search algorithms [1][2]. Allegations - The lawsuit claims that Reddit's management failed to disclose significant factors affecting user traffic, including changes in Google Search algorithms and features that led users to find answers without visiting Reddit [2]. - It is alleged that the increase in search queries for "Reddit" was misleading, as it did not indicate user intent to visit the site but rather a shift in how users accessed information [2]. - The complaint states that these undisclosed issues resulted in a lack of reasonable basis for Reddit's outlook on user rates and advertising revenues, leading to materially false public statements [2]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must file motions by August 18, 2025, and participation in the case is not required to be eligible for recovery [3]. - Individuals can choose to remain absent class members if they do not wish to take action [3]. Company Background - Robbins LLP is noted for its focus on shareholder rights litigation, aiming to help shareholders recover losses and improve corporate governance since 2002 [4].