Group 1 - The DJS Law Group has announced a class action lawsuit against Reddit, Inc. for violations of federal securities laws, specifically targeting shareholders who purchased securities between October 29, 2024, and May 20, 2025 [1][2] - The lawsuit alleges that Reddit made false and misleading statements regarding the impact of changes to Google's search algorithm on its traffic, which was affected in materially different ways than previous changes [2] - The company was aware that users were searching for "Reddit" on Google to find answers without visiting the site, indicating a significant challenge in traffic management due to Google's changes [2] Group 2 - DJS Law Group specializes in securities class actions and corporate governance litigation, focusing on enhancing investor returns through balanced counseling and aggressive advocacy [4] - The firm represents some of the largest hedge funds and alternative asset managers, emphasizing the value of litigation claims as significant assets [4]
RDDT Shareholders Have the Right to Lead the Reddit, Inc. Securities Lawsuit - Contact the DJS Law Group to Discuss Your Rights - RDDT