Latest news with #RDDT
Associated Press
17 hours ago
- Business
- Associated Press
Class Action Announcement RDDT: A Securities Fraud Class Action Lawsuit Was Filed Against Reddit, Inc. (RDDT)
RADNOR, PA - June 21, 2025 ( NEWMEDIAWIRE ) - The law firm of Kessler Topaz Meltzer & Check, LLP ( ) informs investors that a securities class action lawsuit has been filed against Reddit, Inc. ('Reddit') ( NYSE: RDDT ) on behalf of those who purchased or otherwise acquired Reddit securities between October 29, 2024, and May 20, 2025, inclusive (the 'Class Period'). The lead plaintiff deadline is August 18, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Reddit losses, you may CLICK HERE or copy and paste the following link into your browser: You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. DEFENDANTS' ALLEGED MISCONDUCT: The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) changes in Google Search's algorithm and features like AI Overview were causing users to stop their query on Google Search; (2) these algorithm changes were materially different than prior instances of reduced traffic to the Reddit website; (3) Defendants 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; (4) this zero-click search reality was dramatically reducing traffic to Reddit in a manner the company was unable to overcome in the short term; (5) Defendants, therefore, lacked a reasonable basis for their outlook on user rates and advertising revenues; and (6) as a result, the company's public statements were materially false and misleading at all relevant times. THE LEAD PLAINTIFF PROCESS: Reddit investors may, no later than August 18, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP encourages Reddit investors who have suffered significant losses to contact the firm directly to acquire more information. CLICK HERE TO SIGN UP FOR THE CASE OR GO TO: ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP: Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit CONTACT: Kessler Topaz Meltzer & Check, LLP Jonathan Naji, Esq. (484) 270-1453 280 King of Prussia Road Radnor, PA 19087 [email protected] May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
Globe and Mail
2 days ago
- Business
- Globe and Mail
RDDT Investor Alert: A Securities Fraud Class Action Lawsuit Has Been Filed Against Reddit, Inc. (RDDT) - Contact Kessler Topaz Meltzer & Check, LLP
RADNOR, PA - June 20, 2025 (NEWMEDIAWIRE) - The law firm of Kessler Topaz Meltzer & Check, LLP ( informs investors that a securities class action lawsuit has been filed against Reddit, Inc. ('Reddit') (NYSE: RDDT) on behalf of those who purchased or otherwise acquired Reddit securities between October 29, 2024, and May 20, 2025, inclusive (the 'Class Period'). The lead plaintiff deadline is August 18, 2025. You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at info@ DEFENDANTS' ALLEGED MISCONDUCT: The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) changes in Google Search's algorithm and features like AI Overview were causing users to stop their query on Google Search; (2) these algorithm changes were materially different than prior instances of reduced traffic to the Reddit website; (3) Defendants 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; (4) this zero-click search reality was dramatically reducing traffic to Reddit in a manner the company was unable to overcome in the short term; (5) Defendants, therefore, lacked a reasonable basis for their outlook on user rates and advertising revenues; and (6) as a result, the company's public statements were materially false and misleading at all relevant times. THE LEAD PLAINTIFF PROCESS: Redditinvestors may, no later than August 18, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP encourages Reddit investors who have suffered significant losses to contact the firm directly to acquire more information. ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP: Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
Associated Press
2 days ago
- Business
- Associated Press
Class Action Announcement for Reddit, Inc. Kessler Topaz Meltzer & Check, LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Reddit, Inc.
RADNOR, PA - June 19, 2025 ( NEWMEDIAWIRE ) - The law firm of Kessler Topaz Meltzer & Check, LLP ( ) informs investors that a securities class action lawsuit has been filed against Reddit, Inc. ('Reddit') ( NYSE: RDDT ) on behalf of those who purchased or otherwise acquired Reddit securities between October 29, 2024, and May 20, 2025, inclusive (the 'Class Period'). The lead plaintiff deadline is August 18, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Reddit losses, you may CLICK HERE or copy and paste the following link into your browser: You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. DEFENDANTS' ALLEGED MISCONDUCT: The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) changes in Google Search's algorithm and features like AI Overview were causing users to stop their query on Google Search; (2) these algorithm changes were materially different than prior instances of reduced traffic to the Reddit website; (3) Defendants 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; (4) this zero-click search reality was dramatically reducing traffic to Reddit in a manner the company was unable to overcome in the short term; (5) Defendants, therefore, lacked a reasonable basis for their outlook on user rates and advertising revenues; and (6) as a result, the company's public statements were materially false and misleading at all relevant times. THE LEAD PLAINTIFF PROCESS: Reddit investors may, no later than August 18, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP encourages Reddit investors who have suffered significant losses to contact the firm directly to acquire more information. CLICK HERE TO SIGN UP FOR THE CASE OR GO TO: ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP: Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit CONTACT: Kessler Topaz Meltzer & Check, LLP Jonathan Naji, Esq. (484) 270-1453 280 King of Prussia Road Radnor, PA 19087 [email protected] May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
Globe and Mail
3 days ago
- Business
- Globe and Mail
Reddit Expands Ad Platform With New Suite: Can the Launch Pay Off?
Reddit RDDT continues to scale its advertising business by turning real-time community engagement into a source of strategic insights for brands. As advertisers seek platforms that combine scale with authenticity, Reddit's community-led model is gaining momentum across performance and brand campaigns. RDDT recently launched Community Intelligence, a new suite designed to help marketers monitor live conversations across subreddits, extract trend signals and optimize campaign decisions. The toolset enables advertisers to analyze sentiment, product mentions and emerging topics in real-time, thereby transforming Reddit's open-conversation network into a dynamic planning engine. The new suite builds on Reddit Pro and supports full-funnel execution — from awareness to conversion. With Community Intelligence, Reddit positions itself as a platform that turns live user experiences into actionable insights, enabling brands to track cultural relevance and act on user-driven demand patterns. User engagement continues to strengthen on Reddit, acting as a key catalyst for its advertising growth. In the first quarter of 2025, Weekly Active Users reached 401 million, while Daily Active Uniques hit 108 million — both up 31% year over year. The platform's community-led discussions and open-web visibility are attracting users seeking authentic, experience-driven content across diverse topics. The growing engagement is driving strong advertiser adoption. In the first quarter of 2025, Reddit reported advertising revenue of $358.6 million — up 61% year over year — and beat the Zacks Consensus Estimate by 5.9%. Performance campaigns accounted for 60% of total ad spend, reflecting growing traction among mid- and lower-funnel advertisers. As marketers invest in context-aware tools to navigate shifting consumer behavior, Reddit expects Community Intelligence to deepen advertiser traction and support recurring ad-revenue momentum. RDDT Faces Stiff Competition Reddit's advertising business faces stiff competition from Alphabet GOOGL and Meta Platforms META, both of which are expanding their AI-driven advertising capabilities. Alphabet is strengthening its lead through Google Ads and YouTube, offering large-scale performance marketing across search and video. Alphabet's ecosystem is deeply integrated with user behavior signals, but it lacks Reddit's community-led format that enables real-time insight from open discussions. Meta Platforms continues to strengthen its advertising capabilities across Facebook, Instagram and Reels. With tools like Advantage+ and automated delivery, META Platforms enables personalized ad campaigns for global brands. However, unlike Reddit, Meta Platforms does not surface real-time user discussions that help advertisers track community sentiment and emerging trends. RDDT's Share Price Performance, Valuation and Estimates RDDT shares have plunged 18.1% year to date, while the broader Zacks Computer & Technology sector returned 1.6% and the Zacks Internet - Software industry increased 13%. RDDT's Performance Reddit stock is trading at a premium, with a forward 12-month Price/Sales of 11.8X compared with the Computer and Technology sector's 6.36X. Reddit has a Value Score of F. RDDT's Valuation The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at 19 cents per share, unchanged over the past 30 days, implying an improvement from the year-ago quarter's loss of 6 cents per share. The consensus mark for Reddit's fiscal 2025 earnings is pegged at $1.21 per share, which has remained unchanged over the past 30 days. The figure marks an improvement over fiscal 2024's loss of $3.33 per share. Reddit currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alphabet Inc. (GOOGL): Free Stock Analysis Report Meta Platforms, Inc. (META): Free Stock Analysis Report Reddit Inc. (RDDT): Free Stock Analysis Report
Time of India
5 days ago
- Business
- Time of India
Reddit Inc stock soars 15%: Is it time to buy into the hype? What is the reason behind the jump?
Shares of Reddit Inc. (traded as RDDT ) witnessed a sharp upswing early Tuesday, surging over 15% shortly after the market opened. The dramatic rise has triggered intense interest among retail and institutional investors, prompting renewed discussions around the stock's long-term potential and its underlying fundamentals. With Reddit's current stock price at $145.48, up $19.29 from its previous close, market observers are evaluating whether this momentum signals a durable breakout or a short-lived speculative bounce, as mentioned in a report by Bloomberg. Early Trade Snapshot: Strong Opening Spurs Optimism According to trading data as of 9:41 a.m. GMT-4, Reddit Inc. opened at $134.00, significantly higher than its prior close of $126.19, and climbed rapidly to hover near the intraday high of $145.69. The price movement reflects intense early-session buying, driven largely by positive sentiment surrounding Reddit's technological and advertising developments. For traders relying on short-term price action, the steep climb has become a focal point for potential entry, although analysts caution against overlooking the risks posed by the stock's extreme volatility. Valuation Metrics Show High Growth Expectations The bullish movement has reignited debate about Reddit's sky-high P/E ratio of 233.35, which many analysts interpret as a reflection of elevated growth expectations. While high multiples are common for tech-driven platforms, such valuation levels also amplify downside risks in case of earnings misses or changing market sentiment. Live Events Reddit's 52-week trading range—from $49.13 to $230.41—further underlines its volatility. Currently trading in the upper half of this band, the RDDT stock remains well below its historic peak, signaling both room for further growth and the potential for pullbacks. No Dividend, But Big Tech Ambitions True to its growth-stage character, Reddit offers no dividend yield, choosing instead to reinvest in innovation and expansion. The company recently unveiled a set of AI-powered advertising tools—a move that many see as central to its future revenue model. Announced at the Cannes Lions Festival, these tools include Reddit Insights, a real-time community listening platform for marketers, and Conversation Summary Add-ons, which allow brands to attach positive Reddit discussions under their ads. Powered by the company's proprietary Reddit Community Intelligence engine, these tools are designed to help brands better understand and engage with Reddit's highly interactive user base. 'Reddit is positioning itself as a serious player in the AI marketing space,' the company stated in its announcement. Early testing partners include Publicis, Lucid, and Jackbox Games. Investor Take: A High-Risk, High-Reward Proposition From a technical standpoint, Reddit's explosive price action may present opportunities for aggressive day traders looking to ride the wave. However, the elevated valuation, lack of dividends, and wide price swings make it a precarious choice for long-term investors, as per a report by CNBC. Bullish arguments centre around Reddit's innovation in AI advertising, its massive online community, and recent revenue growth. Bearish views, however, highlight concerns over overvaluation, excessive volatility, and the risk of buying after a sharp rally. Weigh the Momentum Against Fundamentals Reddit's recent price jump—fuelled by optimism around its AI initiatives and digital advertising push—offers a compelling case for investors who can stomach risk and are chasing high returns. However, caution is warranted. With rddt stock trading at lofty valuations and exhibiting unpredictable movements, prudent investors may prefer to wait for consolidation or clearer earnings trajectories before entering. FAQs Why did Reddit Inc. (RDDT) stock jump over 15% on June 17, 2025? Reddit shares surged more than 15% due to strong early-session buying interest, sparked by optimism around its AI-powered advertising tools and positive investor sentiment. The stock opened at $134.00 and quickly climbed to an intraday high of $145.69. What is Reddit's current stock price and valuation? As of the latest trading data, Reddit is priced at $145.48, reflecting a gain of $19.29 from the previous close. It carries a high P/E ratio of 233.35, suggesting elevated investor expectations for future growth. Economic Times WhatsApp channel )
