Reddit Inc Trading Volume Drops 48.58% to $1.634 Billion Ranking 32nd Amid Legal Battles and Stock Surge

On June 18, 2025, Reddit Inc (RDDT) saw a trading volume of $1.634 billion, a 48.58% decrease from the previous day, ranking 32nd in the day's stock market activity. The stock price of Reddit Inc (RDDT) rose by 5.51%, marking the fifth consecutive day of gains, with a total increase of 22.77% over the past five days.

Reddit Inc (RDDT) is currently facing a class action lawsuit filed by Shamis & Gentile, P.A. on June 18, 2025, alleging securities fraud. This legal action adds to the company's existing challenges, which include multiple securities class-action lawsuits and regulatory investigations into potential fraud by the company and its executives. The lawsuit comes as the company's CFO, Andrew Vollero, sold a significant portion of his shares.

In addition to the legal challenges, Reddit Inc (RDDT) is also involved in a lawsuit against AI startup Anthropic, a company backed by tech giants. This legal battle highlights the growing tensions between social media platforms and AI companies over data usage and intellectual property rights.