Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of Reddit, Inc. securities during the specified Class Period, indicating potential legal issues surrounding the company's disclosures and performance [1][5]. Group 1: Lawsuit Details - The class action lawsuit pertains to securities purchased between October 29, 2024, and May 20, 2025, and aims to address misleading statements made by Reddit's management regarding user engagement and advertising revenue [1][5]. - Allegations include that changes in Google Search's algorithm led to a significant drop in traffic to Reddit, which was not disclosed to investors, resulting in damages when the truth was revealed [5]. Group 2: Investor Participation - Investors who purchased Reddit securities during the Class Period may be entitled to compensation without upfront costs through a contingency fee arrangement [2]. - Interested parties can join the class action by submitting a form or contacting the law firm directly, with a deadline for lead plaintiff applications set for August 18, 2025 [3][6]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including over $438 million for investors in 2019 [4]. - The firm has been recognized for its leadership in the field, being ranked No. 1 for securities class action settlements in 2017 and consistently in the top 4 since 2013 [4].
ROSEN, LEADING INVESTOR COUNSEL, Encourages Reddit, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – RDDT