RDDT INVESTIGATION: Reddit Investors Should Contact Block & Leviton to Possibly Recover Losses

BOSTON, Oct. 30, 2026 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Reddit, Inc. (NYSE: RDDT) for potential securities law violations. Investors who have lost money in their Reddit investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/rddt.

Block & Leviton is investigating whether Reddit may have misled investors about the health of its search-driven traffic and user growth. On July 30, 2026, management described search referral traffic as "choppy" and "more volatile later in the quarter." Earlier in 2026, management had also said the split between logged-in and logged-out users no longer mattered to how it ran the business, and it announced plans to stop reporting those figures. Then, on October 29, 2026, Reddit disclosed that search referral traffic was "down meaningfully" in the third quarter, with the decline accelerating later in the quarter. It warned that total daily users could fall by a low double-digit percentage in the fourth quarter, issued revenue guidance below Wall Street expectations, and said it would shift toward a primarily logged-in experience. Following this news, Reddit's stock fell roughly 23% on October 30, 2026.