Investors of Reddit, Inc. Urged to Connect with Gross Law Firm by August 2025
Important Notice for Reddit, Inc. Shareholders
Investors in Reddit, Inc. (NYSE: RDDT) are urged to contact The Gross Law Firm before the deadline of August 18, 2025, to discuss their rights regarding possible class action claims. If you purchased Reddit shares during the class period from October 29, 2024 to May 20, 2025, you may have been adversely affected by the company’s alleged misleading statements that affected stock prices and investor decisions.
Background
During the specified period, a complaint has been raised alleging that Reddit's management knowingly issued statements which were false and misleading. Key among the claims is that changes in Google's algorithm significantly impacted the traffic to Reddit, leading to reduced user engagement and, consequently, lower advertising revenues.
The complaint states:
- - Users began receiving relevant information directly from Google instead of visiting Reddit due to these algorithm changes.
- - Management was allegedly aware that the increased searches for
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