NEW YORK, July 14, 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 ...

NEW YORK -- Wix.com Ltd. (Nasdaq: WIX), today announced that it will report its results for the second quarter ended June 30, 2025 before the market opens on Wednesday, August 6, 2025. Management will host a conference call that morning at 8:30 a.m. ET to answer questions about the Company's financial results. Prior to the conference call, Wix will issue a press release reporting these results along with a shareholder update and additional materials at https://investors.wix.com/. What:Wix Second Quarter 20 ...

Industry Overview - Ecommerce sales in Q1 2025 grew by 6.1% compared to Q1 2024, while total retail sales increased by 4.5%, with ecommerce accounting for approximately 16.2% of total U.S. retail sales [1] - The ecommerce industry is experiencing a shift towards digital influencers and advanced technologies such as AR/VR, social commerce, generative AI, and the Metaverse [4][5] - The Zacks Internet - Commerce industry ranks 51, placing it in the top 21% of nearly 250 Zacks industries, indicating positive near-term prospects [8][9] Current Trends - The retail experience is increasingly blending online and offline activities, with consumers preferring faster delivery and pickup options [7] - Subscription models for repeat-use items are gaining traction, making it easier for consumers to order and for retailers to plan [7] - Social commerce is becoming popular, particularly among Gen-Z, with platforms like TikTok leading the way [14] Performance Metrics - The Zacks Electronic - Commerce Industry has gained 18% over the past year, outperforming the broader Zacks Retail and Wholesale Sector (16.5%) and the S&P 500 (11.9%) [12] - The industry is currently trading at a price-to-forward earnings (P/E) ratio of 24.6X, which is a premium of 8.6% to the S&P 500 and a discount of 0.8% to the broader retail sector [16] Company Highlights Groupon, Inc. (GRPN) - Groupon operates an online marketplace connecting buyers and sellers across various sectors, with over 76% of its 2024 revenue coming from the U.S. [19] - The company has shown a positive trend in earnings estimates, with the 2025 estimate moving from a loss of $0.18 to a profit of $0.30 per share [21] - Groupon's shares have increased by 146.9% over the past year, primarily in the last two months [22] CarGurus, Inc. (CARG) - CarGurus offers an online marketplace for new and used cars, with 93% of its 2024 revenue generated in the U.S. [25] - The company has no debt and is focused on improving dealer profitability through data-driven solutions, which is driving its market share [27] - Analysts estimate a 25% earnings growth for 2025, with revenues expected to increase by 5% [28]

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]. Group 1: Allegations - The complaint alleges that during the class period from October 29, 2024, to May 20, 2025, Reddit's management made materially false and misleading statements [3]. - Key allegations include 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 claimed that the defendants were aware of the zero-click search phenomenon, which was adversely affecting Reddit's user engagement and advertising revenues [3]. Group 2: Class Action Details - Shareholders who purchased RDDT shares during the specified class period are encouraged to register for the class action, with a deadline set for August 18, 2025 [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [4]. - There is no cost or obligation for shareholders to participate in this class action [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies engage in responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].

NEW YORK, July 10, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Reddit, Inc. (NYSE: RDDT).Shareholders who purchased shares of RDDT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/reddit-inc-loss-submission-form/?id=156040&from=4CLASS PERIOD: October 29, 2024 to May 20, 202 ...

Homerun Resources Inc. Announces New Homerun Energy Website and "The Hub" AI-Powered Platform for Energy ManagementJuly 10, 2025 8:00 AM EDT | Source: Homerun Resources Inc.Vancouver, British Columbia--(Newsfile Corp. - July 10, 2025) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that Homerun Energy has launched its website and "The HUB" AI-powered platform for energy management.www.homerunenergy.com.Through the website our customers an ...

Core Insights - Wix.com Ltd. has partnered with Monotype Imaging Inc. to significantly enhance its font library, providing users access to a diverse range of high-quality typefaces that support unique brand identities [1][2][9] - The collaboration aims to cater to various users, including small business owners, entrepreneurs, and creative agencies, by offering a globally inclusive and stylistically varied library [2][3] - Wix's commitment to improving design tools reflects its transition from a template-based website builder to a comprehensive design platform, emphasizing ease of use and extensive customization options [3] Strategic Initiatives - Wix is investing in AI capabilities, Studio, and commerce platforms to advance its strategic priorities, including a partnership with Alibaba.com to enhance global trade opportunities for digital entrepreneurs and small businesses [4] - The company has also partnered with ActiveCampaign to provide an all-in-one solution for businesses, simplifying website and marketing tools to boost customer engagement [5] - Wix aims to achieve the "Rule of 45" by 2025, focusing on balancing revenue growth with improved operating efficiencies, driven by strong execution in AI and operational cost management [6] Market Outlook - Despite ongoing economic uncertainty, Wix remains cautious about its full-year outlook, particularly regarding its Business Solutions unit, which is sensitive to consumer spending [7] - The company's stock has experienced a decline of 26% over the past six months, compared to a 5.4% decline in the Computers - IT Services industry [8]

Core Viewpoint - Investors in Reddit, Inc. (NYSE: RDDT) have the opportunity to lead a securities fraud class action lawsuit due to undisclosed material information affecting the company's performance [1][2]. Summary by Relevant Sections Lawsuit Details - The lawsuit alleges that from October 29, 2024, to May 20, 2025, Reddit's management failed to disclose significant changes in Google Search's algorithm that negatively impacted user traffic to Reddit [2]. - Key allegations include that the changes in Google's algorithm led to a decrease in users' queries on Reddit, which was materially different from previous traffic reductions [2]. - It is claimed that the increase in searches for "Reddit" was due to users finding answers directly on Google, rather than intending to visit Reddit, leading to a dramatic reduction in traffic that the company could not mitigate in the short term [2]. - The lawsuit asserts that the defendants lacked a reasonable basis for their forecasts regarding user rates and advertising revenues, making their positive statements about the company's business misleading [2]. Participation Information - Investors who suffered losses related to Reddit are encouraged to participate in the class action lawsuit before the lead plaintiff deadline of August 18, 2025 [2]. - Interested parties can contact the Law Offices of Frank R. Cruz for more information or to participate in the lawsuit [3][4].

Core Insights - Wix.com Ltd. has announced a strategic partnership with Monotype Imaging Inc. to expand its font library, providing users with a diverse range of high-quality typefaces [1][3] - The new typeface collection includes well-known fonts like Helvetica® and Avenir®, as well as new classics such as Recoleta, Kibitz Pro, and Aether, catering to various user needs from professional to personal projects [1][2] - This partnership emphasizes Wix's commitment to enhancing its platform for creators, enabling them to produce visually compelling websites that reflect their brand identity [3] Company Overview - Wix is recognized as the leading SaaS website builder platform, founded in 2006, offering a comprehensive suite of tools for self-creators, agencies, and enterprises to manage and grow their digital presence [6] - The platform provides advanced features including performance, security, AI capabilities, and a wide range of commerce and business solutions, allowing users to maintain ownership of their brand and customer relationships [6] - Monotype Imaging Inc. offers a library of over 250,000 fonts from more than 4,500 designers, working with major global brands to enhance brand experiences through typography [8]

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] 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, rather than visiting Reddit, which contributed to the decline in user engagement [2] - The lawsuit asserts that the defendants lacked a reasonable basis for their forecasts on user rates and advertising revenues, resulting in materially false and misleading public statements [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 this [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4] - The firm has over 70 employees dedicated to serving clients in complex securities litigation and has been ranked in ISS Securities Class Action Services' Top 50 Report for seven consecutive years [4]