Securities Fraud Investigation Into Reddit, Inc. (RDDT) Announced – Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Reddit, Inc. ('Reddit' or the 'Company') (NYSE: RDDT) investors concerning the Company's possible violations of the federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON REDDIT, INC. (RDDT), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
What Happened?
On May 1, 2025, after market hours, Reddit released its first quarter 2025 financial results, marking a third consecutive quarter with slowdown in daily active user growth. On this news, Reddit's stock price fell $4.96, or 4.2%, to close at $113.83 per share on May 2, 2025, thereby injuring investors.
Then, on May 19, 2025, Wells Fargo analysts downgraded Reddit's stock, stating that Google's AI features would likely cause 'permanent' disruptions to user traffic for Reddit, and that traffic to Reddit from Google Search would continue to decline and ultimately hurt Reddit's advertising revenue. On this news, Reddit's stock price fell $5.24, or 4.6%, to close at $107.99 per share on May 19, 2025.
Then, on May 21, 2025, Baird analysts downgraded Reddit's stock, citing similar concerns as Wells Fargo. On this news, Reddit's stock price fell $9.79, or 9.3%, to close at $95.85 per share on May 21, 2025, thereby injuring investors further.
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.
Glancy Prongay & Murray LLP
1925 Century Park East, Suite 2100
Los Angeles California 90067
Email: shareholders@glancylaw.com
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.
Whistleblower Notice
Persons with non-public information regarding Reddit should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email shareholders@glancylaw.com.
About Glancy Prongay & Murray LLP
Glancy Prongay & Murray LLP ('GPM') is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. GPM has been consistently ranked in the Top 50 Securities Class Action Settlements by ISS Securities Class Action Services. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements.
With four offices across the country, GPM's nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPM's lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPM's past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
an hour ago
- Business Insider
Jefferies Sticks to Their Buy Rating for Halliburton (HAL)
Jefferies analyst Lloyd Byrne reiterated a Buy rating on Halliburton (HAL – Research Report) today and set a price target of $32.00. The company's shares closed yesterday at $20.57. Confident Investing Starts Here: Byrne covers the Energy sector, focusing on stocks such as Baker Hughes Company, Expand Energy, and Canadian Natural. According to TipRanks, Byrne has an average return of 18.1% and a 50.90% success rate on recommended stocks. In addition to Jefferies, Halliburton also received a Buy from Wells Fargo's Roger Read in a report issued on June 24. However, on June 26, RBC Capital maintained a Hold rating on Halliburton (NYSE: HAL). Based on Halliburton's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.42 billion and a net profit of $204 million. In comparison, last year the company earned a revenue of $5.8 billion and had a net profit of $606 million Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HAL in relation to earlier this year. Last month, Weiss Janet L, a Director at HAL bought 8,550.00 shares for a total of $169,119.00.
Yahoo
an hour ago
- Yahoo
'It Reeks of Envy': Homeowner Says He's Sick of Bitter Buyers Complaining They're Priced Out — 'Make More Money or Move Somewhere Cheaper'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. There's venting about the housing market—and then there's wishing financial ruin on anyone who bought a home since 2020. One homeowner says the bitter online crowd has officially crossed the line. On Reddit, a frustrated poster took aim at what they called the rising wave of real estate resentment. "It's incredibly ugly and offputting, and it reeks of envy," they wrote. "People basically cheering on crashes and assuming anyone who bought in the past two years is overleveraged and truly can't afford anything they signed up for." Don't Miss: Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can invest with $1,000 at just $0.30/share. Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential. The post wasn't exactly subtle, but it didn't hold back either. "If you are outpriced from your market, you can either look to gain additional income or seek in lower cost areas," the homeowner said. "Yelling at and berating those who bought in your desired area are not acceptable responses, and being bitter towards those people will be damaging to your mental health in the long run." The internet, naturally, had thoughts. Some clapped back with sarcasm: "It's pretty selfish that you want to afford a home in your hometown... please consider working two full time work-from-home jobs; it's actually pretty easy to pull off this scam!" Others vented real frustration, especially in high-cost cities like Miami where locals have been priced out by out-of-town buyers and foreign investors. "Drive through Brickell, Midtown, or North Miami Beach at night and you can see buildings with less than 10% with the lights on," one commenter wrote. "Thousands upon thousands of vacant condos while many locals sleep in cars." Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — Become an Investor in This $41.3M Clean Energy Brand Today The tone of the original post didn't exactly win hearts. Many found it dismissive and out of touch. One commenter shot back, "We're not rooting for a crash because we hate homeowners — we're just tired of watching the ladder get yanked up." Another didn't hide their mixed emotions. "Yeah, I cheer when speculators who treated housing like a slot machine take a hit. It's satisfying. But regular people get caught in the mess too, and that sucks." The market may be cooling slightly, but thanks to stubborn interest rates, sky-high insurance, and rising taxes, affordability is still out of reach for many would-be buyers. So while prices may dip, the dream of ownership remains a grind. And for those hoping to score a house without having to uproot their lives or take on a second job? They're not rooting for a crash—they're just rooting for a shot. Read Next: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100. With Point, you can get up to $500,000 in cash from your property with no monthly payments and no income requirements — even if your credit isn't perfect. This article 'It Reeks of Envy': Homeowner Says He's Sick of Bitter Buyers Complaining They're Priced Out — 'Make More Money or Move Somewhere Cheaper' originally appeared on
Buzz Feed
2 hours ago
- Buzz Feed
Money-Saving Skills That Will Save You Thousands
In this challenging economy, I'm always looking for ways to save money. Whether it's taking on DIY projects or learning how to spend less, simply knowing a few valuable life skills can save you thousands of dollars in the long run. If you're looking for a few economical hacks, you're in the right place. In one Reddit thread (which you can see here), people shared the simple and inexpensive life skills that basically made them richer, and I'm honestly going to look into some of these for myself. Ahead, I've rounded up 18 of the best skills: "I learned how to cut my dog's hair during COVID, watching videos on YouTube." "Dog grooming costs a good $70 every 2 months or so over the lifetime of the animal. So my dog has an uglier haircut, but I save thousands over the course of its life."–EarlyAd3047 "Simple handyman jobs. Get some basic tools and look up YouTube videos to save you from hiring a tradesman." "Doing 20 to 30 minutes of exercise daily will save you thousands in health costs down the road." "Cooking. It's not that hard to follow a recipe to get some decent meals." –FailedMaster "Basic sewing. Buttons, turning up trousers. So many people throw something away because it doesn't fit properly or the buttons come off." "How to budget and track expenses. Knowing where your money goes can prevent surprise overdrafts and debt." "Flossing properly. No more cavities or bleeding gums." –Thin_Pitch_4515 "Downloading digital coupons at home before you go to the grocery store." "I am a tax accountant, and I'd suggest doing your own taxes. The key is understanding when you have a complex situation. Most people without businesses or rentals can just do them online." "Learning how to make your own coffee." "A shit coffee machine is less than $30, and it'll make you coffee for as long as you take care of it. A French press will run you half that, and an electric kettle will run you less than the other half of $30. Paying more than 30 cents for a cup of coffee is wild. Do it yourself and stop paying $5 a cup for it."–theBJbanditO "Basic car maintenance — oil change, tire rotation, replacing filters. Saves a ton over time." "How to Google. But I'm serious, though. Knowing how to format a word or a question is extremely important to learn if you want to find answers. Also, if you don't even know what question to ask, knowing how to find enough info to inform yourself to ask the right question is important too." "Learning how to shop — whether it's groceries or general goods." "Small things like being able to compare prices by looking at price per ounce or unit instead of total cost. Taking the time to look over sales ads. Using manufacturers' coupons. App discounts. The list goes on. So many people mindlessly shop and get into a routine, and they don't realize how much they could save if they tried to."–buckeyebob45 "Basic retirement planning. You can save yourself thousands or even hundreds of thousands with a basic understanding of investing for retirement." "Mastering the phrase, 'let me think about it and get back to you.' Saves money and regrets." "Cycling. It takes some effort to figure out how to cycle around a city that's primarily built for cars, but the economic side is so worth it." –OldCadillac "How to negotiate your salary, or more precisely, how it's okay to try and negotiate your salary. Seriously, you can learn the basics in less than two hours, and it will earn you hundreds, maybe thousands of dollars each year for the rest of your life if you apply it." "Learned to cut my own hair. I bought a $45 cutter 10 years ago, and haven't gone to a barber since. At less than $35 a pop every six weeks, I figure I've saved over $3,000." Do you have a money-saving life skill that belongs on this list? Let me know what it is in the comments!
