Core Insights - Moore Law, PLLC is investigating potential claims against Reddit Inc. due to allegations of materially false and misleading statements regarding user engagement and advertising revenues [1][2] - The investigation highlights that changes in Google Search's algorithm, particularly features like AI Overview, have led to a significant decline in traffic to Reddit, as users are finding answers directly on Google without visiting Reddit [1] - Reddit's outlook on user rates and advertising revenues is deemed unreasonable due to the impact of these algorithm changes [2] Company Specifics - The investigation focuses on the awareness of Reddit's management regarding the increase in the search term "Reddit" on search engines, which is attributed to users receiving answers from Google rather than intending to visit Reddit [1] - The zero-click search phenomenon is identified as a critical factor that has dramatically reduced traffic to Reddit, creating challenges that the company is currently unable to overcome in the short term [1] Legal Context - Shareholders of Reddit Inc. may seek monetary damages, corporate governance reforms, and reimbursement through the investigation led by Moore Law, with representation offered on a contingency fee basis [2]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Reddit, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on August 18, 2025, and the potential for compensation without out-of-pocket costs [1][2]. Group 1: Class Action Details - A class action lawsuit has been filed against Reddit, Inc. for allegedly making false and misleading statements regarding user engagement and advertising revenues during the Class Period [4]. - The lawsuit claims that changes in Google Search's algorithm led to a significant reduction in traffic to Reddit, which was not disclosed by the defendants [4]. - Investors are encouraged to join the class action and can do so by contacting Rosen Law Firm for more information [2][5]. Group 2: 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]. - Founding partner Laurence Rosen has been recognized as a Titan of Plaintiffs' Bar by Law360, highlighting the firm's expertise in this area [3].

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 can join by contacting Rosen Law Firm [2][5]. Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [3]. - In 2019, Rosen Law Firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [3]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, defendants made false and misleading statements regarding user engagement and advertising revenues [4]. - Key issues include the impact of Google Search algorithm changes that led to reduced traffic to Reddit, which the defendants failed to disclose [4]. - The lawsuit claims that the true nature of these issues caused investor damages once revealed [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Reddit, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements during a specified class period, which negatively impacted its stock value [1][2]. Group 1: Allegations Against Reddit, Inc. - The complaint claims that changes in Google Search's algorithm, including features like AI Overview, led to a decline in user queries on Google Search, which in turn affected traffic to Reddit [1]. - It is alleged that these algorithm changes were significantly different from previous instances of reduced traffic to Reddit's website [1]. - The defendants were reportedly aware that the increase in searches 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 is said to have dramatically reduced traffic to Reddit, which the company could not counteract in the short term [1]. - As a result, the defendants lacked a reasonable basis for their forecasts regarding user rates and advertising revenues, leading to materially false and misleading public statements [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as October 29, 2024, to May 20, 2025, with a deadline for shareholders to register as lead plaintiffs set for August 18, 2025 [2]. - Shareholders who register will be enrolled in a portfolio monitoring system to receive updates on the case's progress [2]. - Participation in the case incurs no cost or obligation for the shareholders [2]. Group 3: About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit, fraud, and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions by companies [3].

Core Viewpoint - A class action securities lawsuit has been filed against Reddit, Inc. alleging securities fraud that negatively impacted investors between October 29, 2024, and May 20, 2025 [1][2]. Group 1: Lawsuit Details - The complaint claims that the defendants made false statements regarding the impact of changes in Google Search's algorithm, which led to a significant reduction in traffic to Reddit [2]. - It is alleged that the defendants were aware that users were finding answers directly on Google Search, leading to a decrease in visits to Reddit, contrary to their public statements about user engagement and advertising revenue [2]. - The lawsuit highlights that the defendants lacked a reasonable basis for their outlook on user rates and advertising revenues, making their public statements materially false and misleading [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until August 18, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating a no-cost participation in the lawsuit [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, establishing its reputation as a leading securities litigation firm in the United States [4].

Core Viewpoint - A class action lawsuit has been filed against Reddit, Inc. on behalf of investors who purchased its securities during the specified Class Period, alleging misleading statements and failure to disclose critical information regarding user traffic and advertising revenue impacts due to changes in Google Search algorithms [1][3]. Group 1: Lawsuit Details - The lawsuit covers investors who acquired Reddit securities between October 29, 2024, and May 20, 2025 [1]. - Investors wishing to serve as lead plaintiffs must file their motion by August 18, 2025 [1]. - Allegations include that Reddit's management made false statements about user engagement and advertising revenue, failing to disclose the impact of Google Search's algorithm changes [3]. Group 2: Allegations Against Defendants - The lawsuit claims that changes in Google Search's algorithm led to a significant drop in traffic to Reddit, as users were able to find answers directly on Google without visiting Reddit [3]. - It is alleged that the increase in search queries for "Reddit" was misleading, as it did not indicate user intent to visit the site [3]. - The defendants are accused of lacking a reasonable basis for their forecasts regarding user rates and advertising revenues due to these undisclosed issues [3].

Core Viewpoint - A class action securities lawsuit has been filed against Reddit, Inc. alleging securities fraud that negatively impacted investors between October 29, 2024, and May 20, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that the defendants made false statements regarding the impact of changes in Google Search's algorithm, which led to a significant reduction in traffic to Reddit [2]. - It is alleged that the defendants were aware that users were finding answers directly on Google Search, leading to a decrease in visits to Reddit, rather than an intention to visit the platform [2]. - The complaint states that the defendants lacked a reasonable basis for their outlook on user rates and advertising revenues due to these changes [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until August 18, 2025, to request to be appointed as lead plaintiff in the case [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

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 regarding user engagement and advertising revenues, particularly in relation to changes in Google Search's algorithm [3]. Specific Allegations - Changes in Google Search's algorithm and features, such as AI Overview, led to a decline in user queries on Google Search, which in turn affected traffic to Reddit [3]. - The increase in search queries for "Reddit" was due to users finding answers directly on Google, not because they intended to visit Reddit [3]. - The zero-click search phenomenon significantly reduced traffic to Reddit, which the company could not counteract in the short term [3]. - Management lacked a reasonable basis for their outlook on user rates and advertising revenues, rendering their public statements 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]. - Registration includes enrollment in a portfolio monitoring system for updates on the case [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure 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 can join the class action 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 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 during the class period, defendants made false statements and failed to disclose significant changes in Google Search's algorithm that negatively impacted Reddit's traffic [4]. - It is claimed that these algorithm changes led to a zero-click search reality, where users found answers directly on Google without visiting Reddit, thus reducing traffic [4]. - The lawsuit asserts that defendants lacked a reasonable basis for their outlook on user rates and advertising revenues due to these undisclosed issues [4].

Core Viewpoint - A class action securities lawsuit has been filed against Reddit, Inc. alleging securities fraud that negatively impacted investors between October 29, 2024, and May 20, 2025 [1][2]. Group 1: Lawsuit Details - The complaint claims that the defendants made false statements regarding the impact of changes in Google Search's algorithm, which led to a significant reduction in traffic to Reddit [2]. - It is alleged that the defendants were aware that users were finding answers directly on Google Search, leading to a decrease in visits to Reddit, contrary to their public statements about user engagement and advertising revenue [2]. - The lawsuit asserts that the defendants lacked a reasonable basis for their outlook on user rates and advertising revenues, rendering their public statements materially false and misleading [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until August 18, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].