{"id":868990,"date":"2025-07-12T07:39:56","date_gmt":"2025-07-12T11:39:56","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/rddt-fraud-alert-reddit-inc-9-stock-drop-triggers-securities-fraud-class-action-investors-notified-to-contact-bfa-law-by-august-18-nyserddt\/"},"modified":"2025-07-12T07:39:56","modified_gmt":"2025-07-12T11:39:56","slug":"rddt-fraud-alert-reddit-inc-9-stock-drop-triggers-securities-fraud-class-action-investors-notified-to-contact-bfa-law-by-august-18-nyserddt","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rddt-fraud-alert-reddit-inc-9-stock-drop-triggers-securities-fraud-class-action-investors-notified-to-contact-bfa-law-by-august-18-nyserddt\/","title":{"rendered":"RDDT FRAUD ALERT: Reddit, Inc. 9% Stock Drop Triggers Securities Fraud Class Action \u2013 Investors Notified to Contact BFA Law by August 18 (NYSE:RDDT)"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, July  12, 2025  (GLOBE NEWSWIRE) &#8212; Leading securities law firm <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qkXIMtZE3_wdHbPwRJw3OTW-lg9Sp2MYUbjs1kDMBg6qFTxw97gDf7RkFsv87fer1Awiw_UET7gyD1Xcfbb_Bm1_19Q8EopkfWsK5SgeC66Mm1tM3bjQGa3_iN5kEoLTKeR4Kpyts8BRovgtuzWZ3y0iAOpJhBaEumbToNvofPO_tqAW3V4yUdknVPP-IecF\" rel=\"nofollow\" target=\"_blank\"><strong>Bleichmar Fonti &amp; Auld LLP<\/strong><\/a> announces that a lawsuit has been filed against Reddit, Inc. (NYSE: RDDT) and certain of the Company\u2019s senior executives for potential violations of the federal securities laws.<\/p>\n<p>If you invested in Reddit, you are encouraged to obtain additional information by visiting: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ABJkC_IEi3ebFcT2E589Sk1m5yeOKY7JSgGSxdHO_syxSa-rmu5dPgfnj2FkZIWHh7uCKU3UKEbrWei9xlNyOSNQbvp1CaBR8BbXUf7rJ4JTzgaYboJ-oNicTiT89WYTUzzjYnnrhlbIobhKUKviRS2ci0-pRvgLz3kQBCMe8TtsT0MhD-5XFiZ9nQAST9RA-yLR7xRjdF3vJpJTW-i2BCP848J3zT4tPm4KaP9b6oZ5QvIY1FpV2QXhtFR_40ojdtQ4bz_1yYfLVgt3vrMYVg==\" rel=\"nofollow\" target=\"_blank\"><strong>https:\/\/www.bfalaw.com\/cases-investigations\/reddit-inc-securities-fraud-class-action<\/strong><\/a>.<\/p>\n<p>Investors have until August 18, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Reddit securities. The case is pending in the U.S. District Court for the Northern District of California and is captioned <em>Tamraz, Jr. v. Reddit, Inc., at al.<\/em>, No. 25-cv-05144.<\/p>\n<p>\n        <strong>Why was Reddit Sued for Securities Fraud? <\/strong>\n      <\/p>\n<p>Reddit owns and operates the eponymous social news aggregation, forum, and social media platform. Reddit receives a significant portion of its user traffic from individuals seeking answers to questions using Google Search. The complaint alleges that Reddit misrepresented and downplayed the impact that Google\u2019s use of Artificial Intelligence (\u201cAI\u201d) technology in Google&#8217;s search results had on Reddit\u2019s user growth.<\/p>\n<p>In truth, Google\u2019s use of AI dented Reddit\u2019s user growth by eliminating the need for individuals to visit and click through to Reddit to get answers to their questions. Rather, the answers appeared through Google\u2019s AI search results.<\/p>\n<p>\n        <strong>The Stock Declines as the Truth is Revealed<\/strong>\n      <\/p>\n<p>On May 1, 2025, Reddit reported a significant slowdown in daily active user growth. On this news, the price of Reddit stock declined $4.96 per share, or more than 4%, from $118.79 per share on May 1, 2025, to $113.83 per share on May 2, 2025.<\/p>\n<p>Then, on May 21, 2025, Wall Street analyst Baird cut its Reddit stock price target over concerns that Google\u2019s AI capabilities are stifling Reddit\u2019s user growth. On this news, the price of Reddit stock fell $9.79 per share, or over 9%, from $105.64 per share on May 20, 2025, to $95.85 per share on May 21, 2025.<\/p>\n<p>\n        <strong>Click here for more information: <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ABJkC_IEi3ebFcT2E589Sk1m5yeOKY7JSgGSxdHO_syxSa-rmu5dPgfnj2FkZIWHh7uCKU3UKEbrWei9xlNyOSNQbvp1CaBR8BbXUf7rJ4JTzgaYboJ-oNicTiT89WYTWgovVwcTNO1i0x3HLgb4rfCse4UKCuAoyJGihsHJFDYylB5HN9SSLbboDPnh0zs1tYs5EHrzaQvs0AiEEdlb3x_UYMOg-74HnAZ3ujfajqm9KOf8EiLZD_S9wmGs7pvtoJecE9gYcxVQejmVVV7_wA==\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <strong>https:\/\/www.bfalaw.com\/cases-investigations\/reddit-inc-securities-fraud-class-action<\/strong><br \/>\n        <\/a><br \/>\n        <strong>.<\/strong>\n      <\/p>\n<p>\n        <strong>What Can You Do?<\/strong>\n      <\/p>\n<p>If you invested in Reddit you may have legal options and are encouraged to submit your information to the firm.<\/p>\n<p>All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.<\/p>\n<p>\n        <strong>Submit your information by visiting:<\/strong>\n      <\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ABJkC_IEi3ebFcT2E589Sk1m5yeOKY7JSgGSxdHO_syxSa-rmu5dPgfnj2FkZIWHh7uCKU3UKEbrWei9xlNyOSNQbvp1CaBR8BbXUf7rJ4JTzgaYboJ-oNicTiT89WYTJTJi-lpkIofcOUODWiv7nz1gGKUbKBfeXPddnOahTN-muzrpRIcaVMCARupdXxLdWPykn7ua9nwnuxocGcBZW461SCXHPKYadTanR_0A2DPMSVxOwRR6V0yUZFmWVc73KtWRYPicXYdMPSxDCJSuLQ==\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <strong>https:\/\/www.bfalaw.com\/cases-investigations\/reddit-inc-securities-fraud-class-action<\/strong><br \/>\n        <\/a>\n      <\/p>\n<p>Or contact:<br \/>Ross Shikowitz<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8E91DIrheMHd2aw9Ay1442MLjtBSixx7pOtigj4lZgoSqg3sSgcxCjDoSzkUq5v8Z3DE-bSPPEQ4dsw5OEregwQTtJBqKcQxBbtIPMwL9sg=\" rel=\"nofollow\" target=\"_blank\">ross@bfalaw.com<\/a><br \/>212-789-3619<\/p>\n<p>\n        <strong>Why Bleichmar Fonti &amp; Auld LLP?<\/strong>\n      <\/p>\n<p>BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by\u00a0<em>Chambers USA<\/em>,\u00a0<em>The Legal 500<\/em>, and\u00a0<em>ISS SCAS<\/em>, and its attorneys have been named \u201cElite Trial Lawyers\u201d by the\u00a0<em>National Law Journal<\/em>, among the top \u201c500 Leading Plaintiff Financial Lawyers\u201d by\u00a0<em>Lawdragon<\/em>, \u201cTitans of the Plaintiffs\u2019 Bar\u201d by\u00a0<em>Law360<\/em>\u00a0and \u201cSuperLawyers\u201d by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.\u2019s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.<\/p>\n<p>For more information about BFA and its attorneys, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ABJkC_IEi3ebFcT2E589Sk1m5yeOKY7JSgGSxdHO_sxxdmFyYBxqH2Du-EfOXhNjQwv8YTb8HwRyEQ4vO1UAF7y5PGMuHFc9KuSZmYAwUGw=\" rel=\"nofollow\" target=\"_blank\">https:\/\/www.bfalaw.com<\/a>.<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ABJkC_IEi3ebFcT2E589Sk1m5yeOKY7JSgGSxdHO_syxSa-rmu5dPgfnj2FkZIWHh7uCKU3UKEbrWei9xlNyOSNQbvp1CaBR8BbXUf7rJ4JTzgaYboJ-oNicTiT89WYTvpwrcZncwppi696P64cGBj8VfBZfhkPLlcYHCw6DGDvWmMPK05xbQCDmpYIpP9fawCoU68TX7w-IniaGMNx0bik_wuYEE-pDfauhRDA8zeFPVonJa0mXy1Z2Y2AcNQ8-p-RKjgHfFjX5zLE_31jMng==\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <strong>https:\/\/www.bfalaw.com\/cases-investigations\/reddit-inc-securities-fraud-class-action<\/strong><br \/>\n        <\/a>\n      <\/p>\n<p>\n        <em>Attorney advertising. Past results do not guarantee future outcomes.<\/em>\n      <\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ5Mjc1OCM3MDQyODE3IzIyOTA5OTU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ODBmNmJlMzMtYzFhNi00ODQ4LWI5YzYtNjc1NGMzZGJlMTUwLTEzMDI1NDUtMjAyNS0wNy0xMi1lbg==\/tiny\/Bleichmar-Fonti-Auld.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, July 12, 2025 (GLOBE NEWSWIRE) &#8212; Leading securities law firm Bleichmar Fonti &amp; Auld LLP announces that a lawsuit has been filed against Reddit, Inc. (NYSE: RDDT) and certain of the Company\u2019s senior executives for potential violations of the federal securities laws. If you invested in Reddit, you are encouraged to obtain additional information by visiting: https:\/\/www.bfalaw.com\/cases-investigations\/reddit-inc-securities-fraud-class-action. Investors have until August 18, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Reddit securities. The case is pending in the U.S. District Court for the Northern District of California and is captioned Tamraz, Jr. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rddt-fraud-alert-reddit-inc-9-stock-drop-triggers-securities-fraud-class-action-investors-notified-to-contact-bfa-law-by-august-18-nyserddt\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;RDDT FRAUD ALERT: Reddit, Inc. 9% Stock Drop Triggers Securities Fraud Class Action \u2013 Investors Notified to Contact BFA Law by August 18 (NYSE: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-868990","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>RDDT FRAUD ALERT: Reddit, Inc. 9% Stock Drop Triggers Securities Fraud Class Action \u2013 Investors Notified to Contact BFA Law by August 18 (NYSE: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\/rddt-fraud-alert-reddit-inc-9-stock-drop-triggers-securities-fraud-class-action-investors-notified-to-contact-bfa-law-by-august-18-nyserddt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RDDT FRAUD ALERT: Reddit, Inc. 9% Stock Drop Triggers Securities Fraud Class Action \u2013 Investors Notified to Contact BFA Law by August 18 (NYSE:RDDT) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, July 12, 2025 (GLOBE NEWSWIRE) &#8212; Leading securities law firm Bleichmar Fonti &amp; Auld LLP announces that a lawsuit has been filed against Reddit, Inc. (NYSE: RDDT) and certain of the Company\u2019s senior executives for potential violations of the federal securities laws. If you invested in Reddit, you are encouraged to obtain additional information by visiting: https:\/\/www.bfalaw.com\/cases-investigations\/reddit-inc-securities-fraud-class-action. Investors have until August 18, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Reddit securities. The case is pending in the U.S. District Court for the Northern District of California and is captioned Tamraz, Jr. &hellip; Continue reading &quot;RDDT FRAUD ALERT: Reddit, Inc. 9% Stock Drop Triggers Securities Fraud Class Action \u2013 Investors Notified to Contact BFA Law by August 18 (NYSE:RDDT)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rddt-fraud-alert-reddit-inc-9-stock-drop-triggers-securities-fraud-class-action-investors-notified-to-contact-bfa-law-by-august-18-nyserddt\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-12T11:39:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ5Mjc1OCM3MDQyODE3IzIyOTA5OTU=\" \/>\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=\"3 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\\\/rddt-fraud-alert-reddit-inc-9-stock-drop-triggers-securities-fraud-class-action-investors-notified-to-contact-bfa-law-by-august-18-nyserddt\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rddt-fraud-alert-reddit-inc-9-stock-drop-triggers-securities-fraud-class-action-investors-notified-to-contact-bfa-law-by-august-18-nyserddt\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"RDDT FRAUD ALERT: Reddit, Inc. 9% Stock Drop Triggers Securities Fraud Class Action \u2013 Investors Notified to Contact BFA Law by August 18 (NYSE:RDDT)\",\"datePublished\":\"2025-07-12T11:39:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rddt-fraud-alert-reddit-inc-9-stock-drop-triggers-securities-fraud-class-action-investors-notified-to-contact-bfa-law-by-august-18-nyserddt\\\/\"},\"wordCount\":576,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rddt-fraud-alert-reddit-inc-9-stock-drop-triggers-securities-fraud-class-action-investors-notified-to-contact-bfa-law-by-august-18-nyserddt\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQ5Mjc1OCM3MDQyODE3IzIyOTA5OTU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rddt-fraud-alert-reddit-inc-9-stock-drop-triggers-securities-fraud-class-action-investors-notified-to-contact-bfa-law-by-august-18-nyserddt\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rddt-fraud-alert-reddit-inc-9-stock-drop-triggers-securities-fraud-class-action-investors-notified-to-contact-bfa-law-by-august-18-nyserddt\\\/\",\"name\":\"RDDT FRAUD ALERT: Reddit, Inc. 9% Stock Drop Triggers Securities Fraud Class Action \u2013 Investors Notified to Contact BFA Law by August 18 (NYSE:RDDT) - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/rddt-fraud-alert-reddit-inc-9-stock-drop-triggers-securities-fraud-class-action-investors-notified-to-contact-bfa-law-by-august-18-nyserddt\/","og_locale":"en_US","og_type":"article","og_title":"RDDT FRAUD ALERT: Reddit, Inc. 9% Stock Drop Triggers Securities Fraud Class Action \u2013 Investors Notified to Contact BFA Law by August 18 (NYSE:RDDT) - Market Newsdesk","og_description":"NEW YORK, July 12, 2025 (GLOBE NEWSWIRE) &#8212; Leading securities law firm Bleichmar Fonti &amp; Auld LLP announces that a lawsuit has been filed against Reddit, Inc. (NYSE: RDDT) and certain of the Company\u2019s senior executives for potential violations of the federal securities laws. If you invested in Reddit, you are encouraged to obtain additional information by visiting: https:\/\/www.bfalaw.com\/cases-investigations\/reddit-inc-securities-fraud-class-action. Investors have until August 18, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Reddit securities. The case is pending in the U.S. District Court for the Northern District of California and is captioned Tamraz, Jr. &hellip; Continue reading \"RDDT FRAUD ALERT: Reddit, Inc. 9% Stock Drop Triggers Securities Fraud Class Action \u2013 Investors Notified to Contact BFA Law by August 18 (NYSE:RDDT)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/rddt-fraud-alert-reddit-inc-9-stock-drop-triggers-securities-fraud-class-action-investors-notified-to-contact-bfa-law-by-august-18-nyserddt\/","og_site_name":"Market Newsdesk","article_published_time":"2025-07-12T11:39:56+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ5Mjc1OCM3MDQyODE3IzIyOTA5OTU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rddt-fraud-alert-reddit-inc-9-stock-drop-triggers-securities-fraud-class-action-investors-notified-to-contact-bfa-law-by-august-18-nyserddt\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rddt-fraud-alert-reddit-inc-9-stock-drop-triggers-securities-fraud-class-action-investors-notified-to-contact-bfa-law-by-august-18-nyserddt\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"RDDT FRAUD ALERT: Reddit, Inc. 9% Stock Drop Triggers Securities Fraud Class Action \u2013 Investors Notified to Contact BFA Law by August 18 (NYSE:RDDT)","datePublished":"2025-07-12T11:39:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rddt-fraud-alert-reddit-inc-9-stock-drop-triggers-securities-fraud-class-action-investors-notified-to-contact-bfa-law-by-august-18-nyserddt\/"},"wordCount":576,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rddt-fraud-alert-reddit-inc-9-stock-drop-triggers-securities-fraud-class-action-investors-notified-to-contact-bfa-law-by-august-18-nyserddt\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ5Mjc1OCM3MDQyODE3IzIyOTA5OTU=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rddt-fraud-alert-reddit-inc-9-stock-drop-triggers-securities-fraud-class-action-investors-notified-to-contact-bfa-law-by-august-18-nyserddt\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/rddt-fraud-alert-reddit-inc-9-stock-drop-triggers-securities-fraud-class-action-investors-notified-to-contact-bfa-law-by-august-18-nyserddt\/","name":"RDDT FRAUD ALERT: Reddit, Inc. 9% Stock Drop Triggers Securities Fraud Class Action \u2013 Investors Notified to Contact BFA Law by August 18 (NYSE:RDDT) - 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