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Reddit faces investigation over alleged securities law violations, causing its stock to drop 9%.
Reddit, Inc. is under investigation for potential securities law violations, with claims that the company misled investors about the impact of Google's AI on its user growth.
This led to a 9% drop in Reddit's stock price.
Despite this, RBC Capital has given Reddit a "Sector Perform" rating and a price target of $125, noting both potential growth from user activity and concerns about unstable traffic sources.
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Reddit se enfrenta a una investigación por presuntas violaciones de la ley de valores, causando que sus acciones bajen un 9%.