Group 1 - The investigation into Reddit, Inc. is initiated by Bleichmar Fonti & Auld LLP for potential violations of federal securities laws [1] - Reddit operates a social news aggregation and forum platform, receiving significant user traffic from Google Search [2] - Reddit previously assured investors that Google's AI did not materially impact its user growth, which is now being questioned [2][3] Group 2 - Google's AI has negatively affected Reddit's user growth by reducing the need for users to visit Reddit for answers, as they can find them directly in Google's search results [3] - Following a downgrade by Wall Street analyst Baird, Reddit's stock price fell from $105.64 to $95.85, a decline of over 9% on May 21, 2025 [4] Group 3 - Investors in Reddit may have legal options and are encouraged to submit their information to the law firm for potential representation [5] - Bleichmar Fonti & Auld LLP is recognized as a leading firm in securities class actions, with notable recoveries in past cases [6]
RDDT STOCK: Suffer Losses on Reddit, Inc.? BFA Law Notifies Investors of Pending Securities Fraud Investigation (NYSE:RDDT)