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Reddit Trading Volume Drops 34.66% Ranking 65th in Stock Market
Generated by AI AgentAinvest Volume Radar
Friday, Jun 20, 2025 7:41 pm ET1min read
On June 20, 2025, Reddit's trading volume reached 11.10 billion, a 34.66% decrease from the previous day, ranking 65th in the day's stock market.
(RDDT) shares fell by 1.41%.Reddit, Inc. investors who have suffered losses are advised to contact BFA Law before the August 18, 2025, deadline for the securities fraud class action. The lawsuit alleges that Reddit misrepresented the impact of Google's AI technology on its user growth, leading to a decline in stock price.
Reddit, Inc. has been sued for securities fraud, with investors encouraged to obtain additional information and potentially join the class action lawsuit. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and the case is pending in the U.S. District Court for the Northern District of California.
Reddit's user growth has been impacted by Google's AI technology, which provides answers directly through search results, reducing the need for users to visit Reddit. This misrepresentation led to a significant decline in Reddit's stock price, with a drop of $4.96 per share on May 1, 2025, and a further decline of $9.79 per share on May 21, 2025, following analyst concerns.
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