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RDDT INVESTIGATION: Invest in Reddit, Inc.? Contact BFA Law about the Pending Securities Fraud Investigation to Potentially Recover Losses (NYSE:RDDT)
RedditReddit(US:RDDT) GlobeNewswire News Roomยท2025-06-12 12:18

Core Viewpoint - Reddit, Inc. is under investigation for potential violations of federal securities laws, primarily related to misleading statements about the impact of Google's AI on its user growth [1][2]. Company Overview - Reddit operates a social news aggregation and forum platform, which has seen a decline in user traffic due to Google's AI search results providing answers directly, reducing the need for users to visit Reddit [2][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, reflecting investor concerns about the company's user growth being stifled by Google's AI capabilities [4].