Reddit Investors Alert: Deadline for Securities Class Action Suit Approaching on August 18.

Rosen Law Firm is reminding investors of the August 18 deadline to secure counsel in a securities class action against Reddit, Inc. (NYSE: RDDT) for alleged false and misleading statements made between October 29, 2024 and May 20, 2025. Investors who purchased Reddit securities during this period may be entitled to compensation through a contingency fee arrangement. The Rosen Law Firm, with a track record of success in securities class actions, is encouraging investors to select qualified counsel with experience in leadership roles.

NEW YORK, July 2, 2025 — Rosen Law Firm, a leading investor rights law firm, is reminding investors of the August 18 deadline to secure counsel in a securities class action against Reddit, Inc. (NYSE: RDDT). The class action lawsuit alleges that Reddit made false and misleading statements between October 29, 2024 and May 20, 2025, which may have resulted in financial losses for investors who purchased Reddit securities during this period.

According to the lawsuit, Reddit failed to disclose material changes in Google Search’s algorithm and features like AI Overview, which were causing users to stop their queries on Google search. These changes were materially different from prior instances of reduced traffic to the Reddit website, and Reddit was aware that the increase in the query term “Reddit” on search engines was due to users getting answers from Google Search without visiting Reddit. This "zero-click search" reality significantly reduced traffic to Reddit, impacting user rates and advertising revenues [1].

Investors who purchased Reddit securities during the Class Period may be entitled to compensation without paying any out-of-pocket fees or costs through a contingency fee arrangement. To join the Reddit class action, investors can visit https://rosenlegal.com/submit-form/?case_id=40507, call Phillip Kim, Esq. at 866-767-3653, or email case@rosenlegal.com for more information. If you wish to serve as lead plaintiff, you must move the Court no later than August 18, 2025 [1].

The Rosen Law Firm, with a proven track record in securities class actions, is encouraging investors to select qualified counsel with experience in leadership roles. The firm has recovered hundreds of millions of dollars for investors and has been ranked in the top 4 for securities class action settlements each year since 2013 [1].

No class has been certified yet, so investors are not represented by counsel unless they retain one. They can choose their counsel of choice or remain absent class members. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff [1].

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References:
[1] https://www.globenewswire.com/news-release/2025/08/12/3132046/673/en/RDDT-DEADLINE-ROSEN-A-LEADING-INVESTOR-RIGHTS-LAW-FIRM-Encourages-Reddit-Inc-Investors-to-Secure-Counsel-Before-Important-August-18-Deadline-in-Securities-Class-Action-RDDT.html