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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Reddit, Inc. - RDDT

1. Pomerantz LLP is investigating Reddit for potential securities fraud. 2. Concerns over Google's AI impacting Reddit's user growth have led to a price target cut. 3. Reddit's stock fell 9.27% to $95.85 following the analyst's downgrade. 4. The class action may attract more investor scrutiny and impact share price. 5. Pomerantz has a history of recovering significant awards for securities fraud victims.

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FAQ

Why Very Bearish?

The ongoing investigation and recent downgrade indicate serious investor concerns, reducing confidence in RDDT. Historical examples show that such investigations often correlate with prolonged stock declines.

How important is it?

The allegations of securities fraud, coupled with negative analyst sentiment, provide substantial risk for RDDT, affecting investor perception.

Why Short Term?

The immediate impact from the investigation and analyst downgrade could create volatility in RDDT's price, while longer-term effects will depend on the outcomes.

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NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Reddit, Inc. (“Reddit” or the “Company”) (NYSE: RDDT).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Reddit and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On May 21, 2025, Wall Street analyst Baird cut its Reddit stock price target over concerns that Google’s expanded use of AI capabilities in its search results are stifling Reddit’s user growth.  On this news, Reddit’s stock price fell $9.79 per share, or 9.27%, to close at $95.85 per share on May 21, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes.  CONTACT:Danielle PeytonPomerantz LLPdpeyton@pomlaw.com646-581-9980 ext. 7980

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