Top-News
Quelle: - © gilaxia / E+ / Getty Images:
INVESTOR ACTION NOTICE: Moore Law PLLC Encourages Investors in Reddit Inc. to Contact Law Firm
NEW YORK, Aug. 11, 2025 /PRNewswire/ -- Moore Law, PLLC, a shareholder litigation law firm located on Wall Street, is investigating potential claims against:
- Reddit Inc. (NYSE: RDDT)
- Shareholders should email Fletcher@fmoorelaw.com; please contact only if shares acquired before October 29, 2024
The investigation concerns allegations of materially false and/or misleading statements and/or failed to disclose that changes in Google Search's algorithm and features like AI Overview were causing users to stop their query on Google search; these algorithm changes were materially different than prior instances of reduced traffic to the Reddit website; the Company or its officers or directors were aware that the increase in the query term "Reddit" on search engines was because users were getting the sought after answer from Google Search without having to go to Reddit, and not because they intended to visit Reddit; this zero-click search reality was dramatically reducing traffic to Reddit in a manner Reddit was unable to overcome in the short term.
Thus, Reddit lacked a reasonable basis for its outlook on user rates and advertising revenues.
If you own Reddit Inc. (NYSE: RDDT) stock, please contact attorney Fletcher Moore by email at fletcher@fmoorelaw.com.
You may be able to seek monetary damages, corporate governance reforms, reimbursement to the company, and a court approved incentive award at no cost to you whatsoever. All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
| | MOORE LAW PLLC |
| | 30 Wall Street, 8th Floor |
| | New York, NY 10005 |
| | (212) 709-8245 |
| | fletcher@fmoorelaw.com |
| |
View original content to download multimedia:https://www.prnewswire.com/news-releases/investor-action-notice-moore-law-pllc-encourages-investors-in-reddit-inc-to-contact-law-firm-302526880.html
SOURCE Moore Law PLLC
Für dich aus unserer Redaktion zusammengestellt
Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.