{"id":868949,"date":"2025-07-11T17:10:16","date_gmt":"2025-07-11T21:10:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/class-action-filed-against-reddit-inc-rddt-seeking-recovery-for-investors-contact-levi-korsinsky-3\/"},"modified":"2025-07-11T17:10:16","modified_gmt":"2025-07-11T21:10:16","slug":"class-action-filed-against-reddit-inc-rddt-seeking-recovery-for-investors-contact-levi-korsinsky-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/class-action-filed-against-reddit-inc-rddt-seeking-recovery-for-investors-contact-levi-korsinsky-3\/","title":{"rendered":"Class Action Filed Against Reddit, Inc. (RDDT) Seeking Recovery for Investors \u2013 Contact Levi & Korsinsky"},"content":{"rendered":"
\n

NEW YORK, July 11, 2025 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in Reddit, Inc.<\/strong> (“Reddit, Inc.” or the “Company”) (NYSE: RDDT) of a class action securities lawsuit.<\/p>\n

\n CLASS DEFINITION: <\/strong>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:<\/p>\n

\n https:\/\/zlk.com\/pslra-1\/reddit-inc-lawsuit-submission-form?prid=156225&wire=3<\/a>\n <\/p>\n

\n RDDT<\/strong> investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com<\/a>\u00a0or by telephone at (212) 363-7500.<\/p>\n

\n CASE DETAILS: <\/strong>The filed complaint alleges that defendants made false statements and\/or concealed 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

\n WHAT’S NEXT? <\/strong>If you suffered a loss in Reddit, Inc. during the relevant time frame, you have until August 18, 2025<\/strong>\u00a0to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.<\/p>\n

\n NO COST TO YOU: <\/strong>If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.<\/strong><\/p>\n

\n WHY LEVI & KORSINSKY: <\/strong>Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services\u2019 Top 50 Report as one of the top securities litigation firms in the United States.<\/p>\n

\n CONTACT:<\/strong>
\n
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004\u00a0
jlevi@levikorsinsky.com<\/a>\u00a0
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com<\/a>\u00a0<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, July 11, 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-submission-form?prid=156225&wire=3 RDDT investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and\/or concealed that: (i) changes in Google Search\u2019s algorithm and features like AI Overview … <\/p>\n

Continue reading “Class Action Filed Against Reddit, Inc. (RDDT) Seeking Recovery for Investors \u2013 Contact Levi & Korsinsky”<\/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-868949","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nClass Action Filed Against Reddit, Inc. 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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-submission-form?prid=156225&wire=3 RDDT investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and\/or concealed that: (i) changes in Google Search\u2019s algorithm and features like AI Overview … Continue reading "Class Action Filed Against Reddit, Inc. 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