Recent Security Class Actions

Reddit Inc. Class A Common Stock (NYSE: RDDT)

54 Days left to seek lead plaintiff status.

Company Name:Reddit Inc. Class A Common Stock
Stock Symbol:NYSE: RDDT
Class Period Start:10/29/2024
Class Period End (inclusive):05/20/2025
Filing Deadline:08/18/2025

The Complaint alleges that during the Class Period, Defendants made false and misleading statements, and failed to disclose, that: (i) changes in Google Search’s algorithm and features like AI Overview were causing users to stop their query on Google Search; (ii) these algorithm changes were materially different than prior instances of reduced traffic to the Reddit website; (iii) Defendants were aware that the increase in the query term “Reddit” on search engines was because users were getting the sought after answer from Google Search without having to go to Reddit, and not because they intended to visit Reddit; (iv) this zero-click search reality was dramatically reducing traffic to Reddit in a manner the Company was unable to overcome in the short term; and (v) Defendants, therefore, lacked a reasonable basis for its outlook on user rates and advertising revenues.

Reddit Inc. Class A Common Stock (NYSE: RDDT) Claim Form

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