Grabar Law Office Investigates Claims on Behalf of Long-term Shareholders of Reddit, Inc. (RDDT)

Philadelphia, Pennsylvania--(Newsfile Corp. - June 23, 2025) - If you are a current Reddit, Inc. (NYSE: RDDT) shareholder who purchased Reddit shares prior to October 29, 2024, you may be able to seek corporate reforms, the return of money back to the company, and a court approved incentive award at no cost to you whatsoever. Please visit https://grabarlaw.com/the-latest/reddit-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com or call us at 267-507-6085.

WHY? A significant portion of Reddit's user traffic is from individuals seeking answers to questions using Google Search. In 2024, Google Search began implementing new Artificial Intelligence ("AI") capabilities such as AI Overviews, a feature that uses generative AI to provide concise and informative search results, often appearing at the very top of the page.

A recently filed securities fraud complaint alleges that Reddit, Inc. (NYSE: RDDT) certain of its officers 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) the company and its officers, therefore, lacked a reasonable basis for its outlook on user rates and advertising revenues.

WHAT YOU CAN DO NOW: If you purchased Reddit (NYSE: RDDT) shares prior to October 29, 2024 and still hold shares today, you are encouraged to visit https://grabarlaw.com/the-latest/reddit-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085. You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever.

$RDDT #Reddit

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