Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by certain officers and directors of Reddit, Inc. related to misrepresentation of user traffic and advertising revenue outlook due to changes in Google Search algorithms [1] Group 1: Allegations Against Reddit - Insiders at Reddit allegedly caused the company to misrepresent or fail to disclose significant impacts from changes in Google Search's algorithm, which led to a decline in user queries directed to Reddit [1] - The changes in Google Search's algorithm and features, such as AI Overview, were materially different from previous instances that caused reduced traffic to Reddit [1] - Insiders were reportedly aware that the increase in search queries for "Reddit" was due to users finding answers directly on Google Search, rather than intending to visit Reddit [1] - The phenomenon of zero-click searches was significantly reducing traffic to Reddit, which the company could not counteract in the short term [1] - As a result, insiders lacked a reasonable basis for their outlook on user rates and advertising revenues [1]
Kuehn Law Encourages Investors of Reddit, Inc. to Contact Law Firm