Core Viewpoint - A lawsuit has been filed against Reddit, Inc. and its senior executives for potential violations of federal securities laws, specifically related to misrepresentations about user growth impacted by Google's AI technology [1][2][3]. Company Overview - Reddit operates a social news aggregation and forum platform, which has seen a decline in user growth due to changes in Google's search technology [3][4]. Legal Proceedings - The lawsuit is pending in the U.S. District Court for the Northern District of California, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. Stock Performance - Following a report on May 1, 2025, indicating a slowdown in daily active user growth, Reddit's stock price fell from $118.79 to $113.83, a decline of over 4% [5]. - On May 21, 2025, after an analyst cut the stock price target due to concerns over Google's AI impact, Reddit's stock dropped from $105.64 to $95.85, a decrease of over 9% [6].

Core Insights - Girard Sharp, LLP is investigating potential securities claims on behalf of Reddit investors following a significant drop in Reddit's stock price after concerns were raised about its future growth due to Google's AI capabilities [1][2] - A complaint filed against Reddit alleges that the company was aware of the negative impact of Google's AI-powered search on its user growth and advertising revenue but downplayed these effects [2] Company Overview - Reddit Inc. is a social media platform that serves as a forum for users to share news and engage in discussions on various topics [2] - The company's stock experienced a 9% decline in response to the negative analyst report and subsequent allegations [2] Legal Context - Girard Sharp has a history of representing investors in class actions and complex litigation, having secured a $36.5 million settlement against Maxar Technologies [4] - The firm has been recognized for its work in securities and class action litigation, earning top-tier rankings and accolades [4]

Meta Platforms (META -0.52%) has diversified its business over the years. No longer is it just a social media company; it's expanded into artificial intelligence (AI) and of course, the metaverse, and it even changed its name to highlight its focus on that latter opportunity.While Meta Platforms has piled a lot of resources into the metaverse and its Reality Labs division, the payoff simply hasn't been there, and it's questionable whether it ever will be. Recently, the Reality Labs division hit a milestone, ...

Core Viewpoint - A securities class action lawsuit has been filed against Reddit, Inc. for allegedly making false and misleading statements regarding user traffic and advertising revenues during the specified class period [1][2]. Group 1: Allegations Against Reddit - The lawsuit claims that Reddit's management failed to disclose significant changes in Google Search's algorithm that negatively impacted user traffic to Reddit [2]. - It is alleged that the increase in search queries for "Reddit" was due to users finding answers directly on Google, rather than intending to visit Reddit [2]. - The complaint states that these factors led to a dramatic reduction in traffic that Reddit could not mitigate in the short term, undermining the company's outlook on user rates and advertising revenues [2]. Group 2: Legal Process for Investors - Investors who suffered losses during the class period can seek to be appointed as lead plaintiffs by August 18, 2025, or remain absent class members [3]. - The lead plaintiff will represent the interests of all class members and select legal counsel to direct the litigation [3]. Group 3: Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4].

Investor Presentation 2024 Disclaimers Note Regarding User Metrics and Other Data We define a Daily Active User, or DAU, as a registered and logged-in Snapchat user who visits Snapchat through our applications or websites at least once during a defined 24-hour period. We calculate average DAUs for a particular quarter by adding the number of DAUs on each day of that quarter and dividing that sum by the number of days in that quarter. DAUs are broken out by geography because markets have different characteri ...

Meta Platforms (META 2.05%) is the parent company of social networks like Facebook, Instagram, and WhatsApp. Meta stock could be a buy right now because of its attractive valuation and the company's strong revenue and earnings growth.Meta is currently supercharging its business with artificial intelligence (AI). It's using the technology to keep users engaged for longer periods of time, to launch new features, and to help businesses improve conversions with better advertising content. Plus, the company has ...

The launch of robotaxis in Texas by Tesla Inc TSLA has put an emphasis on the company's AI technology and engineers. Those same Tesla workers are also being contacted by rival companies, which want to lure them away.What Happened: Tesla senior staff engineer Yun-Ta Tsai shared details of Meta Platforms Inc META trying to poach him, which follows reports that Meta was aggressively trying to win over top AI talent.Tsai shared an email from a Meta recruiter that said it was "one last try" to get him to work at ...

After the tech company made several interesting announcements, a handful of Wall Street analysts released big-time price target increases on shares of Meta Platforms NASDAQ: META. Since June 12, MarketBeat has tracked several analysts who updated their price targets on the stock. Meta Platforms TodayMETAMeta Platforms$712.20 +13.67 (+1.96%) 52-Week Range$442.65▼$740.91Dividend Yield0.29%P/E Ratio27.78Price Target$712.69Add to WatchlistOn average, these analysts increased their price targets by nearly 12%. ...

Core Viewpoint - A lawsuit has been filed against Reddit, Inc. and its senior executives for potential violations of federal securities laws, specifically related to misrepresentation of user growth impacted by Google's AI technology [1][2][3]. 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 [3][4]. Legal Proceedings - The lawsuit is pending in the U.S. District Court for the Northern District of California, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. Stock Performance - Following a report on May 1, 2025, indicating a slowdown in daily active user growth, Reddit's stock price fell from $118.79 to $113.83, a decline of $4.96 or over 4% [5]. - On May 21, 2025, after an analyst cut the stock price target due to concerns over Google's AI impact, Reddit's stock dropped from $105.64 to $95.85, a decrease of $9.79 or over 9% [6].

META climbs higher throughout the session after an alert at 10:19 am Meta Platforms Inc. META today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. Today, at 10:19 AM on June 23rd, a significant trading signal occurred for Meta Platforms Inc. (META) as it demonstrated a Power Inflow at a price of $687.14. This indicator is crucial for traders who want to know directionally where institutions and so-called ...