Core Insights - Reddit, Inc. is under investigation for potential violations of federal securities laws, as announced by Bleichmar Fonti & Auld LLP [1] - The investigation stems from claims that Google's use of AI has negatively impacted Reddit's user growth, contrary to Reddit's assurances to investors [2][3] Company Overview - Reddit operates a social news aggregation and forum platform, receiving significant user traffic from Google Search [2] - The platform's user growth has been reportedly hindered by Google's AI search results, which provide answers directly, reducing the need for users to visit Reddit [3] Stock Performance - Following a downgrade by Wall Street analyst Baird on May 21, 2025, Reddit's stock price fell by $9.79, or over 9%, from $105.64 to $95.85 per share [4]
RDDT INVESTOR NOTICE: Reddit, Inc. Investors with Losses are Notified of the Ongoing Securities Fraud Investigation – BFA Law (NYSE:RDDT)