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 related to user traffic and advertising revenues during a specified class period [1][2]. 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 [1]. - Key allegations include that changes in Google Search's algorithm led to a significant reduction in traffic to Reddit, as users were able to find answers directly on Google without visiting Reddit [1]. - It is claimed that the defendants were aware of the zero-click search phenomenon but failed to disclose its impact on user rates and advertising revenues, leading to inflated public statements [1]. 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 [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [2]. - There is no cost or obligation for shareholders to participate in the case [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].

Core Viewpoint - A lawsuit has been filed against Reddit, Inc. and its senior executives for potential violations of federal securities laws, specifically related to misrepresentation of 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, captioned Tamraz, Jr. v. Reddit, Inc., et al., No. 25-cv-05144 [2]. - Investors have until August 18, 2025, to request to be appointed 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 on behalf of investors who purchased Reddit securities [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: Reddit - Reddit is currently down 30% from its all-time high, but it has become a key source of reliable information for internet users, outperforming traditional search engines [3][6] - The company is working to monetize its over 400 million weekly active unique users, with average quarterly revenue per unique user at $3.63, significantly lower than Meta Platforms' over $12 [4] - Reddit's revenue grew by 61% year over year in the first quarter, with a 23% increase in average revenue per unique user [4] - Despite facing risks from artificial intelligence, Reddit's reputation for reliable information may help it retain users [5] - The stock is trading at nearly 16 times the average analyst estimate for 2025 sales, indicating a potentially high valuation, but it has strong double-digit revenue growth potential for the long term [6] Group 2: Paycom - Paycom's stock is down 58% from its high, primarily due to the rollout of its automated Beti product, which has cannibalized other revenue sources [7][8] - Revenue growth for Paycom was around 30% prior to the pandemic but slowed to just 11% in 2024 and 6% year over year in the first quarter of 2025 [9] - The company is focused on self-disruption to enhance customer returns, with Beti being an attractive solution for companies looking to reduce costs [10] - Paycom's future growth may be impacted by economic conditions, particularly the labor market, but it is well-positioned with the Beti product [11] - The stock is trading at around 26 times forward earnings, suggesting it may be a good investment for long-term investors given its potential for robust earnings growth [11]

Core Insights - Reddit Inc. is positioned to potentially continue its earnings-beat streak in the upcoming report, having surpassed earnings estimates by an average of 297.00% in the last two quarters [1][2]. Earnings Performance - For the last reported quarter, Reddit Inc. achieved earnings of $0.13 per share, exceeding the Zacks Consensus Estimate of $0.02 per share, resulting in a surprise of 550.00% [2]. - In the previous quarter, the company was expected to report earnings of $0.25 per share but delivered $0.36 per share, yielding a surprise of 44.00% [2]. Earnings Estimates and Predictions - Recent estimates for Reddit Inc. have been trending upward, with a positive Earnings ESP of +35.71%, indicating increased analyst optimism regarding the company's earnings prospects [5][8]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat, with historical data showing that such combinations lead to positive surprises nearly 70% of the time [6][8]. Earnings ESP Explanation - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions, which may be more accurate [7]. - A negative Earnings ESP does not necessarily indicate an earnings miss but can reduce the predictive power of the metric [9].

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]. Company Overview - Reddit operates a social news aggregation and forum platform, receiving significant user traffic from Google searches [3]. - The lawsuit claims that Reddit downplayed the negative effects of Google's AI on its user growth [3][4]. Legal Proceedings - 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]. Stock Performance - On May 1, 2025, Reddit reported a slowdown in daily active user growth, leading to a stock price decline of $4.96, or over 4%, from $118.79 to $113.83 per share [5]. - Following an analyst downgrade on May 21, 2025, due to concerns over Google's AI, Reddit's stock fell by $9.79, or over 9%, from $105.64 to $95.85 per share [6].

In the latest trading session, Reddit Inc. (RDDT) closed at $157.03, marking a -1.45% move from the previous day. This move lagged the S&P 500's daily gain of 0.83%. At the same time, the Dow added 0.77%, and the tech-heavy Nasdaq gained 1.02%. Shares of the company witnessed a gain of 34.79% over the previous month, beating the performance of the Computer and Technology sector with its gain of 8.25%, and the S&P 500's gain of 4.99%.Market participants will be closely following the financial results of Redd ...

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 ...