NEW YORK, July 17, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Reddit, Inc. ("Reddit, Inc." or the "Company") (NYSE: RDDT) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Reddit, Inc. investors who were adversely affected by alleged securities fraud between October 29, 2024 and May 20, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/reddit-inc-lawsuit-submis ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Reddit, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose material information that negatively impacted the company's stock performance [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from October 29, 2024, to May 20, 2025 [3]. - Allegations include that Reddit's management failed to disclose significant changes in Google Search's algorithm that led to decreased traffic to Reddit, which was not previously experienced [3]. - It is claimed that the increase in search queries for "Reddit" was misleading, as users were finding answers directly on Google without visiting Reddit [3]. - The lawsuit asserts that these factors resulted in a lack of reasonable basis for the company's outlook on user rates and advertising revenues, rendering public statements materially false and misleading [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by August 18, 2025, to participate in potential recovery [4]. - Upon registration, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [4]. Law Firm's Commitment - The Gross Law Firm emphasizes its mission to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [5].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Reddit, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The Class Period for the lawsuit is from October 29, 2024, to May 20, 2025, and the lead plaintiff deadline is August 18, 2025 [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must act by the lead plaintiff deadline to represent other class members [2]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [3]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [3]. - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [3]. Group 3: Case Allegations - The lawsuit alleges that defendants made false and misleading statements regarding the impact of Google Search algorithm changes on Reddit's traffic and advertising revenues [4]. - Key points include that users were obtaining answers directly from Google Search, leading to reduced traffic to Reddit, and that the defendants were aware of this situation [4]. - The lawsuit claims that when the true details were revealed, investors suffered damages due to the misleading information provided by the defendants [4].

Core Insights - The article emphasizes the transformative impact of AI Agents on marketing effectiveness and the media ecosystem, shifting the focus from efficiency to penetrating consumer mindsets [1] - The upcoming 2025 Media Mechanics Forum in Shanghai aims to address the challenges and opportunities presented by AI Agents in marketing [1] Highlights - **Release of Three Key Reports**: The forum will unveil three authoritative reports analyzing how AI Agents reshape media value, covering television, outdoor advertising, and digital media [1] - **Television Media**: Insights into user viewing habits, advertising distribution, and core application scenarios [1] - **Outdoor Advertising**: Examination of the transition from static to digital, interactive formats and the performance of various outdoor advertising scenarios [1] - **Digital Media**: Analysis of the changes in media ecology driven by new technologies and the redefinition of digital media value [1] - **AI Agents Reshaping Marketing**: The forum will explore how AI Agents can unlock new growth paradigms by enhancing the entire marketing chain [2] - Focus on achieving precise user engagement and creating emotionally resonant content through human-machine collaboration [2] - Discussion on leveraging real-time data monitoring to shift user perception from passive acceptance to active endorsement [2] - **Industry Experts Gathering**: The event will bring together professionals from various sectors to share insights on leveraging generative AI for business growth and consumer engagement [3] - **Announcement of New Brands**: The forum will reveal the "2025 BrandGrow Rising Brand List," highlighting the top 100 brands with growth potential based on objective data [5]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Reddit, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose material information that negatively impacted the company's stock performance [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from October 29, 2024, to May 20, 2025 [3]. - Allegations include that Reddit's management made materially false and misleading statements about user engagement and advertising revenues, particularly in relation to changes in Google Search's algorithm that led to reduced traffic to Reddit [3]. Impact of Google Search Changes - The complaint states that changes in Google Search's algorithm, including features like AI Overview, caused users to stop their queries on Google Search, which was not previously experienced [3]. - It is alleged that the increase in the search term "Reddit" was due to users finding answers directly on Google, rather than intending to visit Reddit, leading to a significant drop in traffic that the company could not mitigate in the short term [3]. Shareholder Actions and Deadlines - Shareholders are encouraged to register for the class action by August 18, 2025, to potentially be appointed as lead plaintiffs [4]. - Once registered, shareholders will receive updates on the case's progress through a portfolio monitoring software [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements [5].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Reddit, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose material information that negatively impacted the company's stock value during a specified period [1][2]. Group 1: Allegations and Class Period - The class period for the allegations is from October 29, 2024, to May 20, 2025 [2]. - Allegations include that changes in Google Search's algorithm led to a significant decrease in traffic to Reddit, as users were able to find answers directly on Google without visiting Reddit [2]. - The complaint asserts that the defendants were aware of the zero-click search phenomenon but failed to disclose its impact on user engagement and advertising revenues, leading to materially false and misleading public statements [2]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares of RDDT during the class period are encouraged to register for the class action by August 18, 2025, to potentially become lead plaintiffs [3]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [3]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices [4]. - The firm seeks recovery for investors who suffered losses due to false or misleading statements that inflated the company's stock value [4].

Core Viewpoint - The article discusses the trend of "scale worship" in the internet industry, highlighting the structural failures of companies like Ximalaya and Hupu, which, despite their large user bases, struggled with monetization and ultimately resorted to acquisitions at lower valuations than their peak [4][7][10]. Summary by Sections Acquisition Cases - In June, two major acquisitions occurred in the internet sector: Xunlei acquired Hupu for 500 million RMB, and Tencent Music acquired Ximalaya for approximately 2.9 billion USD [4][7]. Ximalaya's Journey - Ximalaya, after 14 years, was acquired by Tencent Music for nearly 2.9 billion USD, significantly lower than its peak valuation of around 4.3 billion USD [7]. - The acquisition reflects a failure of the "scale worship" approach, where rapid user growth was prioritized over monetization [7][10]. Business Model and Financials - Ximalaya's strategy focused on user scale, leading to impressive growth but also significant losses, totaling 3.166 billion RMB from 2018 to 2022 [8]. - In 2021, Ximalaya spent 2.63 billion RMB on sales and marketing, accounting for 44.9% of its total revenue, indicating a heavy reliance on marketing to drive user growth [8]. - Despite having over 400 million audio contents and 300 million monthly active users, Ximalaya struggled to convert its large user base into profitable revenue streams [8][10]. Lessons for the Industry - The experiences of Ximalaya and Hupu serve as cautionary tales for other startups in the content industry, emphasizing the need for a clear path to profitability rather than merely focusing on user growth [10][11]. - The current market environment is harsher than a decade ago, with shorter capital cycles and stricter valuation standards, making it essential for companies to demonstrate a viable business model [10][11].

Group 1 - Travelzoo is set to join the Russell 3000 Index effective June 27, 2025, following the annual reconstitution [1][2] - The Russell 3000 Index includes the 3,000 largest US stocks ranked by total market capitalization, providing automatic inclusion in either the large-cap Russell 1000 or small-cap Russell 2000 Index [2] - Approximately $10.6 trillion in assets are benchmarked against Russell's US indexes, highlighting the significance of this inclusion for Travelzoo [3][8] Group 2 - Travelzoo is a global Internet media company founded in 1998, focusing on travel, local, and entertainment offers from over 2,000 companies [4] - The company reaches 30 million travelers through its publications, including the popular Top 20 email newsletter [4] - In 2024, Travelzoo introduced an annual membership fee for its services, providing exclusive offers and benefits to Club Members [5]

Core Viewpoint - Beijing Kuaishou Technology Co., Ltd. is facing legal challenges with a total execution amount of 33 million yuan related to copyright disputes and infringement cases [1][2]. Group 1: Legal Issues - Kuaishou has recently been listed as a defendant in two execution cases, with a total execution amount of 33 million yuan, involving copyright ownership and infringement disputes [1]. - The execution court for these cases is the Intermediate People's Court of Nantong, Jiangsu Province [1]. - Previously, Kuaishou was ordered to pay 1.6 million yuan for copyright infringement related to the dissemination of clips from the TV series "Zhen Huan Zhuan," where over 4,000 infringing short videos were identified on its platform [3]. Group 2: Company Background - Kuaishou Technology was established in March 2015, with a registered capital of approximately 101 million yuan. The company is primarily owned by Beijing Huayi Huilong Network Technology Co., Ltd. and Beijing Broadcasting Television Station, holding 99% and 1% of the shares, respectively [2].

Financial Performance and Key Metrics - In Q1 2025, total revenues were $136 million, down 3% year over year and up 1% quarter over quarter [7] - Marketing services revenues were $14 million, down 15% year over year and 27% quarter over quarter [7] - Online game revenues were $117 million, flat year over year and up 7% quarter over quarter [7] - GAAP net income attributable to Sohu was $182 million, compared to a net loss of $25 million in Q1 2024 [8] - Non-GAAP net loss attributable to Sohu was $16 million, compared to a net loss of $22 million in Q1 2024 [8] Business Segment Performance - Sohu Media platform revenues were $70 million, compared to $20 million in the same quarter last year, with an operating loss of $70 million [17] - Changyou's quarterly revenues were $180 million, down from $190 million in the same quarter last year, with an operating profit of $55 million [17] Market Data and Key Metrics - For Q2 2025, marketing services revenues are expected to be between $60 million and $70 million, implying a year-over-year decrease of 14% to 19% [18] - Online game revenues are expected to be between $96 million and $106 million, implying a year-over-year decrease of 28% to 35% [19] Company Strategy and Industry Competition - The company is focusing on enhancing its social media platform and leveraging unique IPs for monetization opportunities [6] - The online gaming business is adopting a top game strategy, diversifying its portfolio with various game types, and expanding into global markets [15] Management's Comments on Operating Environment and Future Outlook - Management indicated that the advertising sentiment is mixed, with the auto sector performing better while luxury goods and alcohol spending is declining [22] - The company expects a similar trend in the second half of the year, with a focus on accelerating growth in its social network platform [23] Other Important Information - The company reversed a tax expense previously recognized as an uncertain tax position, amounting to approximately $199 million [8] - As of May 2025, Sohu had repurchased 5.5 million ADS for an aggregate cost of approximately $67 million [15] Q&A Session Summary Question: Recent trend in advertising sentiment and outlook for the second half - Management noted that the auto sector is performing better, while FMCG and IT services are stable, but luxury goods and alcohol spending is declining [22] Question: Impact of AI on advertising and online games - Management stated that AI has a marginal impact on the media platform but is beneficial for the gaming business, improving efficiency in art design and production [26][27] Question: AI models being integrated into gaming - The company is using various AI tools, including open-source language models, for different aspects of game production [34] Question: Clarification on tax reversal - The tax reversal is mainly an accounting issue related to uncertainty that has now been resolved, with no actual cash flow involved [41] Question: ADR delisting risk and alternative plans - Management indicated that they are not currently considering alternatives like a secondary listing in Hong Kong, stating they will think about it if the situation arises [46]