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Class Action Lawsuit Filed Against Reddit Over Alleged Misleading Statements

Class Action Lawsuit Filed Against Reddit Over Alleged Misleading Statements

Author:
Global Cryptocurrency
Published:
2025-08-23 19:00:03
5
1
BTCCSquare news:

Reddit, Inc. (RDDT) faces a class action lawsuit filed by Levi & Korsinsky on June 18, 2025. Shareholders allege the company artificially inflated stock prices between October 29, 2024, and May 20, 2025, and are seeking compensation for losses. The complaint centers on Reddit's claims about user growth and advertising revenues, which plaintiffs argue were misleading.

The social media platform, which derives significant traffic from Alphabet's Google Search, is accused of making false statements by its senior officers. Investors who purchased shares during the specified period may join the lawsuit.

|Square

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