LOS ANGELES, June 11, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Reddit, Inc. ("Reddit" or "the Company") (NYSE: RDDT) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Despite a significant portion of Reddit's traffic coming from individuals performing Goo ...

NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Reddit, Inc. (NYSE: RDDT) for potential violations of the federal securities laws. Why is Reddit being Investigated? Reddit owns and operates the eponymous social news aggregation, forum, and social media platform. Reddit receives a significant portion of its user traffic from individuals seeking answers to questions using Google Search. During the relevant period, Reddit assure ...

After a rough start to the year, tech stocks have come roaring back. As of this writing, the tech-heavy Nasdaq Composite index has surged by more than 25% over the last two months. So with market sentiment swinging back in favor of tech stocks, let's have a closer look at two social media stocks that I believe are buys right now. Reddit First up is Reddit (RDDT). A relative newcomer as far as social media stocks go, Reddit has only been a public company for a little over a year. However, during that time, i ...

NEW YORK, June 08, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Reddit, Inc. (NYSE: RDDT) 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. Why is Reddit being Investigated? Reddit owns and operates the eponymous social news aggregation, forum, and social med ...

Core Insights - The Australian online casino market is experiencing significant shifts in player preferences, with a strong focus on comprehensive cash gaming experiences, extensive game libraries, and competitive welcome bonuses for 2025 [2][5][50] Market Trends - Australian players increasingly favor platforms that combine traditional casino games with innovative digital slots and live dealer options, reflecting a demand for diverse gaming experiences [3][7] - The importance of platform reliability and game variety is emphasized in community discussions, indicating a shift towards authentic gaming experiences that provide consistent cash gaming opportunities [4][6] Platform Features - Spinsy Online Casino has emerged as a leading platform, offering over 9,000 real money games, including a wide selection of digital slots, live dealer games, and traditional cash play options [6][50] - The platform supports AUD currency and local payment methods, catering specifically to Australian users and enhancing the overall gaming experience [6][20] Player Preferences - Australian users prioritize platforms with extensive slot libraries that include both classic pokies and innovative variations, highlighting the importance of game selection in platform evaluation [10][36] - There is a growing demand for live dealer games that replicate the atmosphere of a real casino, with players seeking professional interactions and authentic gaming experiences [11][37] Bonus Structures - Community feedback indicates a preference for transparent bonuses and welcome offers that provide genuine value without complex wagering requirements, which can impact cash withdrawals [12][24] - Platforms that offer straightforward bonus terms are favored by players seeking monetary gaming opportunities [12][24] Payment Methods - Spinsy supports various deposit and withdrawal methods tailored for Australian users, ensuring secure monetary transactions and accommodating local banking preferences [15][28] Comparative Analysis - A comparison of Spinsy with typical Australian online casinos shows that Spinsy offers a significantly larger game selection, competitive welcome bonuses, and a dedicated focus on the Australian market [16] Industry Outlook - The Australian online casino market is expected to continue expanding, with new platforms entering the space and existing sites enhancing their offerings to meet evolving player expectations [42][43] - Advanced technology integration is becoming crucial for maintaining competitive advantages, with a focus on improving mobile functionality and live gaming experiences [44][48]

NEW YORK, June 06, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Reddit, Inc. (NYSE: RDDT) 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. Why is Reddit being Investigated? Reddit owns and operates the eponymous social news aggregation, forum, and social med ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Willemstad, Curaçao, June 05, 2025 (GLOBE NEWSWIRE) -- The landscape of online casinos in Australia is evolving, with players increasingly drawn to platforms that offer fast payouts, privacy, and a wide range of gaming options. As traditional casinos face growing competition from more agile and innovative platforms, Australian players are turning to trusted online casinos that prioritize speed, security, and user experience.  Reddit has become a key space for honest, real-time feedback, with subreddits lik ...

Core Viewpoint - Reddit has filed a lawsuit against Anthropic, alleging illegal scraping of user comments for training its Claude chatbot without permission or compensation [1][2]. Group 1: Lawsuit Details - The lawsuit was filed in a California state court and highlights the ongoing conflict between content providers and AI companies regarding data usage for training language models [2]. - Reddit claims that Anthropic has been training its models on its content since at least December 2021, despite public assertions that it had blocked access to Reddit [4]. - The lawsuit seeks monetary damages and a court injunction to enforce compliance with Reddit's user agreement [5]. Group 2: Company Background - Anthropic, founded in 2021 by former OpenAI executives, is valued at $61.5 billion and is backed by Amazon [2]. - The company emphasizes AI safety and responsible development, but the lawsuit suggests a discrepancy between its public image and private practices [3]. Group 3: Market Impact - Following the lawsuit announcement, Reddit's shares rose by over 6% [8]. - Reddit has previously entered into licensing agreements with other AI companies like Google and OpenAI, which allow for the use of its content under terms that protect user privacy and provide compensation [5][6]. Group 4: Industry Context - The lawsuit is part of a broader trend where various content creators, including musicians and authors, are suing AI companies for using their data without permission [8]. - The outcomes of these lawsuits could significantly influence the future landscape of the AI industry [9].

Core Points - Reddit is suing Anthropic for allegedly using its data to train AI models without a proper licensing agreement, claiming this use was unlawful and violated Reddit's user agreement [1][2] - This lawsuit marks Reddit as the first major tech company to legally challenge an AI model provider regarding its training data practices, joining other publishers in similar legal actions [2][3] Company Actions - Reddit has previously established agreements with AI model providers like OpenAI and Google, allowing them to train AI models on Reddit's data under specific terms that protect user interests and privacy [5] - Reddit's legal complaint states that Anthropic's scraper bots ignored the site's robots.txt files, which are intended to prevent automated systems from crawling websites [8] Legal Claims - Reddit is seeking compensatory damages and restitution for the enrichment Anthropic gained from scraping its content, along with an injunction to stop Anthropic from using Reddit's content [9] - Reddit's chief legal officer emphasized the company's stance against profit-seeking entities exploiting Reddit content without compensation or respect for user privacy [4][6]