Reddit Inc. (NYSE:RDDT) is one of the best IPO stocks to buy and hold for 3 years. On September 9, Reddit announced that it is changing the activity indicators on its subreddit headers. The platform will replace the “Member count” with two new metrics: active visitors and weekly activity levels, which are based on a rolling 28-day average. According to Reddit, the member count doesn’t fully represent true engagement because users can post and comment without being a member of a community. By shifting the ...

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 action lawsuit pertains to securities purchased between October 29, 2024, and May 20, 2025, with a lead plaintiff deadline set for August 18, 2025 [1][2]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. Group 2: Allegations Against Reddit - The lawsuit claims that during the Class Period, Reddit's defendants made false and misleading statements regarding user engagement and advertising revenues [4]. - Specific allegations include that changes in Google Search's algorithm led to a significant reduction in traffic to Reddit, which the defendants failed to disclose [4]. - The lawsuit asserts that the increase in search queries for "Reddit" was misleading, as users were finding answers directly from Google without visiting Reddit [4]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [3]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3].