#United States #New York #Class Action #RDDT #Reddit Inc

Attention Reddit, Inc. Shareholders

Reddit, Inc. (NYSE: RDDT) is currently under scrutiny as shareholders who purchased shares between October 29, 2024, and May 20, 2025, are being encouraged to join a class action lawsuit. The Gross Law Firm, a well-known class action law firm, has issued a notice aimed at those who believe they have suffered financial losses due to misleading statements made by Reddit's management during the specified class period.

Class Action Details

The allegations claim that during the class period, Reddit's executives failed to disclose material information related to significant changes in Google's search algorithms, including features that decreased user engagement on the Reddit platform. According to the complaint, these changes negatively impacted traffic to Reddit, which the company was unable to recover from in a timely manner.

The lawsuit asserts several key points:

• - Google’s algorithm updates led to users getting answers directly from Google, reducing the need to visit Reddit.
• - The shift in user behavior was not comparable to previous instances of decreased patterns of traffic to Reddit.
• - Executives were aware of the shifts in user search behavior but chose not to inform shareholders adequately, leading to materially false representations of the company’s performance and outlook.

Registration for the Class Action

Shareholders are strongly encouraged to register for this class action by providing their information through the provided links. Registration is crucial, as it will enroll them in portfolio monitoring software, ensuring they receive updates on the lawsuit's progress.

The registration deadline for those wishing to be a lead plaintiff is August 18, 2025. Notably, participating in the class action does not require one to seek lead plaintiff status. There are no costs associated with registering, and it is an essential step for those looking to recover any potential losses.

Why Participate?

The Gross Law Firm has a solid track record in handling cases related to corporate fraud and misleading statements. By participating in this class action, shareholders will join a group pursuing accountability and transparency from Reddit’s management. This legal endeavor aims to protect investors’ rights and ensure that companies uphold ethical business practices.

Next Steps for Shareholders

If you purchased shares of Reddit during the specified period, make sure to take action promptly. Not only will registering keep you informed on the case’s developments, but it also represents a chance to hold the company accountable for its misleading information.

For further assistance, you can contact The Gross Law Firm at:

• - Address: 15 West 38th Street, 12th floor, New York, NY, 10018
• - Email: [email protected]
• - Phone: (646) 453-8903

Stay informed, and take the necessary steps to ensure your voice is heard in pursuing this class action against Reddit, Inc.