RDDT SHAREHOLDER ALERT: Suffer Losses on Reddit, Inc.? Contact BFA Law by August 18 Securities Fraud Class Action Deadline (NYSE:RDDT)
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. v. Reddit, Inc., at al., No. 25-cv-05144.
Why was Reddit Sued for Securities Fraud?
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's use of Artificial Intelligence ('AI') technology in Google's search results had on Reddit's user growth.
In truth, Google's use of AI dented Reddit's 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's AI search results.
The Stock Declines as the Truth is Revealed
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.
Then, on May 21, 2025, Wall Street analyst Baird cut its Reddit stock price target over concerns that Google's AI capabilities are stifling Reddit's 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.
Click here for more information: https://www.bfalaw.com/cases-investigations/reddit-inc-securities-fraud-class-action.
What Can You Do?
If you invested in Reddit you may have legal options and are encouraged to submit your information to the firm.
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.
Submit your information by visiting:
https://www.bfalaw.com/cases-investigations/reddit-inc-securities-fraud-class-action
Or contact:
Ross Shikowitz
[email protected]
212-789-3619
Why Bleichmar Fonti & Auld LLP?
Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs' Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
https://www.bfalaw.com/cases-investigations/reddit-inc-securities-fraud-class-action
Attorney advertising. Past results do not guarantee future outcomes.
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Yahoo
16 minutes ago
- Yahoo
Gold, silver become legal tender in Texas under new law
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New York Times
17 minutes ago
- New York Times
Dončić 'excited' about playing with Ayton: Source
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Yahoo
19 minutes ago
- Yahoo
Hundreds of people in New Hampshire have had their property sold out from under them by scammers. Here's why
The FBI in Boston reports that between 2019 and 2023, New Hampshire homeowners were scammed out of more than $4 million in quit claim deed fraud. Quit claim deeds transfer an owner's interest in a property to another party and releases the owner from any future claims of ownership over the property. Scammers can forge these deeds in order to sell the property, take out a mortgage, or rent it to unsuspecting tenants. Local ABC news station WMUR 9 in New Hampshire reported that 239 people were victims of deed fraud in between 2019 and 2023 and that homeowners must take steps to protect themselves — particularly if they own any vacant properties. Here's what to know and how to ensure you're not the victim of this kind of scam. I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. 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The scammers look for properties using public records, searching for vacant parcels of land, or properties that don't have a mortgage. They can impersonate the owner and contact an unsuspecting real estate agent to list the property. Many homeowners whose properties have been listed for sale don't find out until after the sale has gone through. The FBI found that some victims are even elderly family members of the fraudster. These relatives are convinced to transfer the property into the name of the scammer without a clear understanding of their rights. While unoccupied properties are the most common targets, it's possible for fraudsters to target your family home. If you are the victim of this type of scam, also known as home title theft, you may find yourself heading to court to prove that you're the legitimate owner of the property. 'Folks across the region are having their roots literally pulled out from under them and are being left with no place to call home. They're suffering deeply personal losses that have inflicted a significant financial and emotional toll, including shock, anger and even embarrassment,' said Jodi Cohen, special agent in charge of the FBI Boston Division. 'We are urging the public to heed this warning and to take proactive steps to avoid losing your property. Anyone who is a victim of this type of fraud should report it to us.' Read more: No millions? No problem. With as little as $10, here's of diversified assets usually only available to major players According to the FBI report, many victims of this kind of scam don't know where to report it, or are too embarrassed to come forward. Some may not even realize they've been scammed. Nationwide, 58,141 victims reported $1.3 billion in losses relating to real estate fraud between 2019 and 2023. Massachusetts is a hotbed of real estate crime, with 1,576 victims losing $46,269,818 in that time period. One of the best ways to protect yourself is to ensure you have a Homeowner's Policy of Title Insurance. reports that while traditional title insurance policies protect against fraud before a purchase happens, this newer protection covers theft after you own the property. They note that while insurance can't prevent scammers from forging a deed in the first place, a comprehensive policy puts the onus on the insurance company to resolve the fake title claim in court. You can also pay for a service to monitor your title, or register with your county to be alerted if any documents are filed in your name. A growing number of counties are offering this service for free in response to the rising rate of fraud. Finally, the Attorney General's Office also recommends that homeowners regularly visit their properties and ask neighbours to check in periodically on any vacant homes. You can also set up a Google alert for your address to see if it shows up on realtor websites and check social media regularly for the same reason. If you need to report deed fraud, you can call the Attorney General's Consumer Protection Hotline at 1-888-468-4454. This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Money doesn't have to be complicated — sign up for the free Moneywise newsletter for actionable finance tips and news you can use. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
