NEW YORK, NY / ACCESS Newswire / June 20, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Reddit, Inc. ("Reddit" or "the Company") (NYSE:RDDT). Investors who purchased Reddit securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/RDDT.
Investigation Details
Despite a significant portion of Reddit’s traffic coming from individuals performing Google searches, the Company claimed that Google’s shift to AI in search results would not have a material impact on its user growth. Analyst Baird cut its price target for the Company’s shares on May 21, 2025, citing its concerns on the very issue of Google’s AI answers causing users to stop visiting Reddit. Based on this news, shares of Reddit fell by over 9%.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Reddit securities, you can assist this investigation by visiting the firm’s site: bgandg.com/RDDT. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
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Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
View the original press release on ACCESS Newswire
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