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]

Group 1 - A class action has been filed against Reddit, Inc. on behalf of investors who purchased securities between October 29, 2024, and May 20, 2025 [1] - The allegations include that Reddit misled investors about reduced user traffic due to changes in Google Search's algorithm and features, which led to a significant decline in traffic to the Reddit website [2] - The complaint states that the defendants were aware that increased search queries for "Reddit" were due to users finding answers directly on Google, rather than intending to visit Reddit, which contributed to the misleading public statements [2] Group 2 - Shareholders may be eligible to participate in the class action and can contact Robbins LLP for more information on serving as lead plaintiff [3] - The representation in the class action is on a contingency fee basis, meaning shareholders will not incur fees or expenses [4] - Robbins LLP has been dedicated to helping shareholders recover losses and improve corporate governance since 2002 [4]