Pomerantz LLP announced on October 28, 2025, that it is investigating claims on behalf of investors of Reddit, Inc. concerning potential securities fraud or other unlawful business practices. The firm is advising investors who have been affected to get in touch regarding the investigation. The probe follows an October 1, 2025, note from an RBC Capital Analyst which highlighted data showing a decline in Reddit's daily active users and a significant drop in its citation share on ChatGPT. Following this news in early October, Reddit's stock price experienced a substantial decline, falling 11.91% to close at $202.60 on October 1, 2025.