Reddit Trading Volume Drops 26.78% to $911 Million Ranking 74th in Daily Volume

On June 23, 2025, Reddit's trading volume reached $911 million, marking a 26.78% decrease from the previous day. This placed Reddit at the 74th position in terms of trading volume for the day. The stock price of Reddit (RDDT) fell by 3.62%, marking the second consecutive day of decline, with a total decrease of 4.99% over the past two days.

Investors in Reddit, Inc. are being urged to take action following allegations of securities fraud. Multiple law firms, including BFA Law, the Schall Law Firm, Pomerantz Law Firm, and Bronstein, Gewirtz & Grossman, LLC, have initiated investigations and class action lawsuits against the company. These legal actions are focused on potential violations of federal securities laws and other unlawful business practices.

The investigations center around claims that Reddit and certain of its officers and/or directors made false and/or misleading statements regarding the impact of changes in Google Search's algorithm and features like AI Overview. These changes allegedly caused a significant reduction in traffic to Reddit's website, which the company was unable to overcome in the short term. As a result, the company's public statements about user rates and advertising revenues were deemed materially false and misleading.

Investors who purchased Reddit securities between October 29, 2024, and May 20, 2025, are encouraged to join the class action lawsuits by visiting the respective law firms' websites or contacting them directly. The deadline for investors to request that the Court appoint them as lead plaintiff is August 18, 2025. These law firms represent investors on a contingency fee basis, meaning they will only seek reimbursement for out-of-pocket expenses and attorneys' fees if they are successful in recovering damages for the investors.