{"id":868688,"date":"2025-07-10T17:08:57","date_gmt":"2025-07-10T21:08:57","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/reddit-inc-securities-fraud-class-action-lawsuit-pending-contact-the-gross-law-firm-before-august-18-2025-to-discuss-your-rights-rddt\/"},"modified":"2025-07-10T17:08:57","modified_gmt":"2025-07-10T21:08:57","slug":"reddit-inc-securities-fraud-class-action-lawsuit-pending-contact-the-gross-law-firm-before-august-18-2025-to-discuss-your-rights-rddt","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/reddit-inc-securities-fraud-class-action-lawsuit-pending-contact-the-gross-law-firm-before-august-18-2025-to-discuss-your-rights-rddt\/","title":{"rendered":"Reddit, Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before August 18, 2025 to Discuss Your Rights \u2013 RDDT"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, July  10, 2025  (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of <strong>Reddit, Inc. (NYSE: RDDT).<\/strong><\/p>\n<p>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.<\/p>\n<p align=\"center\">CONTACT US HERE:<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=B9vcHnGDXrSqgA86WdF5jDszeRPXVdn9caa2wtwPkrO-_kxyTOsUcyNiCyLTuov9pu41Buk2qB-d54d4PZN6ZgSYrntCXLgHSIUtzspSA2pdAYwjmQaCZ3GanOF7kcUpJiYgib0z6Ad8gA_y8UkvnIDn9cm3zFdI7lw7qCJXu_JRVaGegDe71C8aJaFEemlbT3SpcHoFNr4bSZ6ZQaWKfLq31Js6rd-55t680cVDzwrnUdEkxF3jL5q6unM-mu1Jk1GBFfqwIQqksiU-fvn_OAZEuw4jKHjcVcvL8MU-R_8=\" rel=\"nofollow\" target=\"_blank\">https:\/\/securitiesclasslaw.com\/securities\/reddit-inc-loss-submission-form\/?id=156056&amp;from=3<\/a>\n      <\/p>\n<p>\n        <strong>CLASS PERIOD: <\/strong>October 29, 2024 to May 20, 2025<\/p>\n<p>\n        <strong>ALLEGATIONS: <\/strong>The complaint alleges that during the class period, Defendants issued materially false and\/or misleading statements and\/or failed to disclose that: (i) changes in Google Search\u2019s 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 \u201cReddit\u201d 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; (v) defendants, therefore, lacked a reasonable basis for their outlook on user rates and advertising revenues; and (vi) as a result, the Company\u2019s public statements were materially false and misleading at all relevant times.<\/p>\n<p>\n        <strong>DEADLINE: August 18, 2025<\/strong> Shareholders should not delay in registering for this class action. Register your information here: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=B9vcHnGDXrSqgA86WdF5jDszeRPXVdn9caa2wtwPkrO-_kxyTOsUcyNiCyLTuov9pu41Buk2qB-d54d4PZN6ZgSYrntCXLgHSIUtzspSA2pdAYwjmQaCZ3GanOF7kcUpTshnTUliEpzQSRS1784tm-K6R4olHtgLBIbaBfvz_cM_7r5QqYblb_NQSwZ26siBO1OGyqBr0D_8mkkaI3Un1lsBGBVaAsOdDjqutGQgN54dHlobMRPO5_FBZI9HWNoKvEbThq9TlbRkz0mZJMTzVYeb_LwGp9MHucsJJ1lhStI=\" rel=\"nofollow\" target=\"_blank\">https:\/\/securitiesclasslaw.com\/securities\/reddit-inc-loss-submission-form\/?id=156056&amp;from=3<\/a><\/p>\n<p>\n        <strong>NEXT STEPS FOR SHAREHOLDERS: <\/strong>Once you register as a shareholder who purchased shares of RDDT during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is August 18, 2025. There is no cost or obligation to you to participate in this case.<\/p>\n<p>\n        <strong>WHY GROSS LAW FIRM? <\/strong>The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and\/or misleading statements or the omission of material information by a company lead to artificial inflation of the company&#8217;s stock. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p>\n        <strong>CONTACT:<\/strong><br \/>\n        <br \/>The Gross Law Firm<br \/>15 West 38th Street, 12th floor<br \/>New York, NY, 10018<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bqcO0NrjhopdND1Jc_kUqOsOnfjH3zz-vwu9UE3hmf3fJZA1qJKW7d0Qn-wAp6aTezBJGEBZf0JEstDJRneo5YfgOwYy9u1Ou-VXt44rfK2Q_irNhkcruqm2rpnt2h5a\" rel=\"nofollow\" target=\"_blank\">dg@securitiesclasslaw.com<\/a><br \/>Phone: (646) 453-8903<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ5MTk2MCM3MDQwNTkwIzIyNTg5MTc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NWNkMDRmYWMtMWNjOC00YTM2LTk0NWYtYjMxNGUwMmUzZTRlLTEyNzA0NjctMjAyNS0wNy0xMC1lbg==\/tiny\/The-Gross-Law-Firm.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, July 10, 2025 (GLOBE NEWSWIRE) &#8212; 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=156056&amp;from=3 CLASS PERIOD: October 29, 2024 to May 20, 2025 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and\/or misleading statements and\/or failed to disclose that: (i) changes in Google Search\u2019s algorithm and features like AI Overview were causing users to stop their query on Google Search; (ii) these algorithm changes were materially different than &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/reddit-inc-securities-fraud-class-action-lawsuit-pending-contact-the-gross-law-firm-before-august-18-2025-to-discuss-your-rights-rddt\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Reddit, Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before August 18, 2025 to Discuss Your Rights \u2013 RDDT&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-868688","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reddit, Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before August 18, 2025 to Discuss Your Rights \u2013 RDDT - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/reddit-inc-securities-fraud-class-action-lawsuit-pending-contact-the-gross-law-firm-before-august-18-2025-to-discuss-your-rights-rddt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reddit, Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before August 18, 2025 to Discuss Your Rights \u2013 RDDT - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, July 10, 2025 (GLOBE NEWSWIRE) &#8212; 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=156056&amp;from=3 CLASS PERIOD: October 29, 2024 to May 20, 2025 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and\/or misleading statements and\/or failed to disclose that: (i) changes in Google Search\u2019s algorithm and features like AI Overview were causing users to stop their query on Google Search; (ii) these algorithm changes were materially different than &hellip; Continue reading &quot;Reddit, Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before August 18, 2025 to Discuss Your Rights \u2013 RDDT&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/reddit-inc-securities-fraud-class-action-lawsuit-pending-contact-the-gross-law-firm-before-august-18-2025-to-discuss-your-rights-rddt\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-10T21:08:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ5MTk2MCM3MDQwNTkwIzIyNTg5MTc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/reddit-inc-securities-fraud-class-action-lawsuit-pending-contact-the-gross-law-firm-before-august-18-2025-to-discuss-your-rights-rddt\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/reddit-inc-securities-fraud-class-action-lawsuit-pending-contact-the-gross-law-firm-before-august-18-2025-to-discuss-your-rights-rddt\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Reddit, Inc. 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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=156056&amp;from=3 CLASS PERIOD: October 29, 2024 to May 20, 2025 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and\/or misleading statements and\/or failed to disclose that: (i) changes in Google Search\u2019s algorithm and features like AI Overview were causing users to stop their query on Google Search; (ii) these algorithm changes were materially different than &hellip; Continue reading \"Reddit, Inc. 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