#United States #New York #The Gross Law Firm #Inc. #Reddit #RDDT

Class Action Notice for Reddit, Inc. Shareholders

As of July 3, 2025, The Gross Law Firm has issued an important announcement for shareholders of Reddit, Inc. (NYSE: RDDT). Individuals who bought shares during a designated class period are encouraged to consider their next steps regarding a class action lawsuit. The deadline for registration to participate as a lead plaintiff or simply as a claimant is set for August 18, 2025.

Background of the Case

The lawsuit primarily stems from allegations that during the class period, which extends from October 29, 2024, to May 20, 2025, Reddit's executives made materially misleading statements regarding the company's business and financial performance. Key allegations include:

1. Misleading Statements: The company's leadership is accused of failing to disclose crucial information about the impacts of changes in Google's search algorithms, which led users to find answers directly on Google, bypassing Reddit altogether.
2. False Traffic Predictions: It is claimed that Reddit's management did not adequately address the notable decline in traffic to their site, which deviated significantly from past patterns of dwindling user engagement.
3. Unsubstantiated Revenue Forecasts: The company’s optimistic outlook regarding user growth and advertising revenue was allegedly based on these misleading representations, causing shareholder losses once the truth came to light.

These accusations highlight a potential cover-up regarding the detrimental effects of evolving digital landscapes on traditional platforms like Reddit.

Steps for Shareholders

• - Registration: Current shareholders who acquired RDDT shares during the specified class period should register via a designated online form to ensure their participation in the legal proceedings.
• - Portfolio Monitoring: Once registered with The Gross Law Firm, participants will receive ongoing updates about their case and potential recoveries through advanced portfolio monitoring software.

The firm has emphasized that shareholders do not need to take on any financial obligations or costs to be included in this case. Registration is simple and can be done through the links provided on their website.

Why Choose The Gross Law Firm?

The Gross Law Firm has established itself as a reputable national class action law firm dedicated to championing the rights of investors who experience harm due to fraudulent practices and corporate misconduct. With a focus on holding companies accountable, their mission aligns with ensuring fair and transparent business practices are upheld in the corporate world.

For participants in this class action, being associated with The Gross Law Firm means access to experienced legal representation and advocacy aimed at rectifying wrongs incurred by misleading corporate behavior.

Contact Information

Shareholders wishing to pursue this opportunity or receive further guidance can contact The Gross Law Firm at:

• - Address: 15 West 38th Street, 12th Floor, New York, NY, 10018
• - Phone: (646) 453-8903
• - Email: info@securitiesclasslaw.com

Conclusion

The approaching deadline of August 18, 2025, marks a critical juncture for Reddit, Inc. shareholders. Participating in this class action may provide a pathway for recovery from the alleged losses faced due to the company's misleading practices. Shareholders are strongly encouraged not to delay in registering for their opportunity to join this important legal action.