Judge Tentatively Grants Reddit's Motion to Remand Case to State Court
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 20 2026
0mins
Should l Buy RDDT?
In a ruling posted to the site of the U.S. District Court for the Northern District of California, a judge wrote: "Before the Court is Plaintiff Reddit's Motion to Remand this action to the state court... Reddit asserts that its claims arise from violations of contractual, technical, and privacy-based obligations - not from infringement of exclusive rights under the Copyright Act... the Court concludes that Reddit's claims allege extra elements that are qualitatively different from the rights protected by the Copyright Act. Accordingly, Plaintiff's Motion to Remand is tentatively GRANTED, and this action should be returned to the San Francisco Superior Court."
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy RDDT?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on RDDT
Wall Street analysts forecast RDDT stock price to rise
22 Analyst Rating
14 Buy
8 Hold
0 Sell
Moderate Buy
Current: 127.260
Low
207.00
Averages
260.00
High
325.00
Current: 127.260
Low
207.00
Averages
260.00
High
325.00
About RDDT
Reddit, Inc. operates a social platform, Reddit. Reddit is a community of communities. It is built on shared interests, passion, and trust and is home to open and authentic conversations on the Internet. Reddit is a global, digital city where anyone in the world can join a community to learn from one another, engage in authentic conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share a few laughs, and find belonging. Reddit has thousands of communities, endless conversations, and authentic human connections. Communities on Reddit are organized based on specific interests and are called subreddits. Reddit offers real-time access to evolving and dynamic topics, such as sports, movies, news, fashion, and the latest trends. On Reddit, users can submit, vote, and comment on the topics they care about. It has approximately 100,000+ active communities and approximately 101+ million daily active visitors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Investor with Seven Figures Denied Rentals Despite Wealth
- Rental Application Challenges: A Reddit user claims that despite having a seven-figure investment portfolio capable of covering 40 years of rent upfront, they face repeated rejections due to unemployment and chronic illness, highlighting the rental market's strict income requirements.
- Income Assessment Bias: Most landlords rely on traditional income formulas that require tenants to earn three times the monthly rent, resulting in applicants with substantial assets being denied due to a lack of stable cash flow, revealing a misunderstanding of non-traditional financial situations in the rental market.
- Systemic Issues: Many commenters pointed out that the real problem lies within the rental system itself, particularly as large property management companies adhere to strict screening rules, leading to automatic rejections even for financially strong applicants who do not meet preset criteria, complicating the rental process.
- Response Strategy Suggestions: Applicants are advised to reframe their financial situation when applying, such as describing themselves as “financially independent” or “self-employed,” and to provide documentation like investment account statements and bank records to help landlords better understand their financial capacity, thereby increasing their chances of securing a rental.
See More
Apple Plans Major Overhaul for Siri AI Integration
- Siri System Opening: Apple plans to open the Siri operating system to third-party AI assistants in the upcoming iOS 27 release, which not only enhances user experience but also has the potential to increase service revenue through subscription fees, significantly boosting the company's revenue prospects.
- AI Assistant Integration: The new system will allow users to query AI chatbots like Anthropic's Claude and Alphabet's Gemini, making Apple less reliant on OpenAI's ChatGPT and further strengthening its competitive position in the AI market.
- Social Media Stocks Decline: Reddit and Snap fell over 8% due to the implications of a lawsuit regarding youth social media addiction, which could trigger more similar cases, impacting the future development of the entire social media industry, prompting investors to be wary of potential legal risks.
- Anthropic IPO Prospects: Anthropic is considering going public in October, potentially raising over $60 billion, with a court ruling against the government's ban on its technology usage enhancing its market credibility and providing funding for future development.
See More
Surge in Options Volume for Kodiak and Chemours
- Kodiak Options Volume: Kodiak Sciences Inc (KOD) has seen an options volume of 7,451 contracts today, equating to approximately 745,100 shares, which is a significant 115.9% of its average daily trading volume of 642,730 shares over the past month, indicating heightened market interest.
- High Volatility Put Options: Among KOD's options, the $35 strike put option has been particularly active, with 1,494 contracts traded today, representing about 149,400 shares, reflecting investor expectations of potential downward price movement.
- Chemours Options Volume: Chemours Co (CC) has recorded an options volume of 43,836 contracts today, translating to approximately 4.4 million shares, which is 115.7% of its average daily trading volume of 3.8 million shares over the past month, suggesting sustained market interest in the company.
- High Volatility Call Options: For CC, the $23 strike call option has seen significant activity, with 20,835 contracts traded today, representing around 2.1 million shares, indicating strong investor confidence in the stock's potential upward movement.
See More
Trade Desk Appoints Reddit CFO Drew Voller
- Executive Appointment: Trade Desk announced the appointment of Drew Voller, the CFO of Reddit, as its new CFO, aiming to enhance the company's financial management and strategic planning capabilities, which is expected to boost its competitiveness in the digital advertising sector.
- Financial Background: During his tenure at Reddit, Drew Voller successfully improved the company's financial transparency and profitability, and Trade Desk hopes to leverage his experience in optimizing its financial structure in his new role.
- Market Reaction: The market responded positively to this appointment, with analysts believing that Voller's addition will help Trade Desk better navigate challenges in the rapidly evolving ad tech industry, thereby enhancing investor confidence.
- Strategic Significance: This appointment reflects Trade Desk's emphasis on diversifying and professionalizing its executive team, aiming to drive long-term growth and innovation by bringing in leaders with extensive experience.
See More
MicroStrategy Faces Bitcoin Yield Challenges Amid Bearish Sentiment
- Bitcoin Holdings: MicroStrategy holds 713,502 BTC as of 2025, despite a 56.9% drop in stock price to $138, maintaining its position as the largest U.S. equity issuer, demonstrating its commitment to Bitcoin investment.
- Yield Target Missed: The FY2025 BTC Yield was 22.8%, falling short of the 30% target, although each share represents more Bitcoin than before, which may undermine investor confidence in the company's future profitability.
- Dilution Risk: The company experienced a 52.6% expansion in share count in 2025, increasing from approximately 192.5 million to nearly 294 million shares, raising concerns about the management's capacity to dilute common shareholders' interests, especially amid falling Bitcoin prices.
- Bearish Market Sentiment: Reddit sentiment scores range from 28 to 30, indicating a pessimistic outlook among investors for MicroStrategy, despite 13 out of 14 analysts rating it a buy with a target price near $332.67, reflecting a divergence in market perceptions of its long-term potential.
See More
Is the Drop in Reddit's Stock a Chance to Buy?
Reddit's Stock Performance: Reddit's stock (RDTT) has faced significant declines, dropping over 43% year-to-date and nearly 48% from its all-time high in September 2025, largely due to reduced reliance on the platform for content sourcing by AI tools like ChatGPT.
Financial Growth and Revenue: Despite challenges, Reddit reported a 75% year-over-year revenue growth in Q4 2025, reaching $690 million, and has set guidance for Q1 2026 revenue between $595 million and $605 million, indicating a potential 53% growth.
User Engagement and Advertising: The platform has seen a rise in daily active users, with over 121 million users welcomed in Q4 alone, which is a 19% increase year-over-year, contributing to a positive outlook for advertising revenue.
Analyst Ratings and Market Sentiment: Analysts maintain a consensus rating of "Moderate Buy" for Reddit, with a price target suggesting nearly 78% upside potential, reflecting confidence in the company's future despite recent stock performance challenges.
See More
Investor with Seven Figures Denied Rentals Despite Wealth
- Rental Application Challenges: A Reddit user claims that despite having a seven-figure investment portfolio capable of covering 40 years of rent upfront, they face repeated rejections due to unemployment and chronic illness, highlighting the rental market's strict income requirements.
- Income Assessment Bias: Most landlords rely on traditional income formulas that require tenants to earn three times the monthly rent, resulting in applicants with substantial assets being denied due to a lack of stable cash flow, revealing a misunderstanding of non-traditional financial situations in the rental market.
- Systemic Issues: Many commenters pointed out that the real problem lies within the rental system itself, particularly as large property management companies adhere to strict screening rules, leading to automatic rejections even for financially strong applicants who do not meet preset criteria, complicating the rental process.
- Response Strategy Suggestions: Applicants are advised to reframe their financial situation when applying, such as describing themselves as “financially independent” or “self-employed,” and to provide documentation like investment account statements and bank records to help landlords better understand their financial capacity, thereby increasing their chances of securing a rental.
See More
Apple Plans Major Overhaul for Siri AI Integration
- Siri System Opening: Apple plans to open the Siri operating system to third-party AI assistants in the upcoming iOS 27 release, which not only enhances user experience but also has the potential to increase service revenue through subscription fees, significantly boosting the company's revenue prospects.
- AI Assistant Integration: The new system will allow users to query AI chatbots like Anthropic's Claude and Alphabet's Gemini, making Apple less reliant on OpenAI's ChatGPT and further strengthening its competitive position in the AI market.
- Social Media Stocks Decline: Reddit and Snap fell over 8% due to the implications of a lawsuit regarding youth social media addiction, which could trigger more similar cases, impacting the future development of the entire social media industry, prompting investors to be wary of potential legal risks.
- Anthropic IPO Prospects: Anthropic is considering going public in October, potentially raising over $60 billion, with a court ruling against the government's ban on its technology usage enhancing its market credibility and providing funding for future development.
See More
Surge in Options Volume for Kodiak and Chemours
- Kodiak Options Volume: Kodiak Sciences Inc (KOD) has seen an options volume of 7,451 contracts today, equating to approximately 745,100 shares, which is a significant 115.9% of its average daily trading volume of 642,730 shares over the past month, indicating heightened market interest.
- High Volatility Put Options: Among KOD's options, the $35 strike put option has been particularly active, with 1,494 contracts traded today, representing about 149,400 shares, reflecting investor expectations of potential downward price movement.
- Chemours Options Volume: Chemours Co (CC) has recorded an options volume of 43,836 contracts today, translating to approximately 4.4 million shares, which is 115.7% of its average daily trading volume of 3.8 million shares over the past month, suggesting sustained market interest in the company.
- High Volatility Call Options: For CC, the $23 strike call option has seen significant activity, with 20,835 contracts traded today, representing around 2.1 million shares, indicating strong investor confidence in the stock's potential upward movement.
See More
Trade Desk Appoints Reddit CFO Drew Voller
- Executive Appointment: Trade Desk announced the appointment of Drew Voller, the CFO of Reddit, as its new CFO, aiming to enhance the company's financial management and strategic planning capabilities, which is expected to boost its competitiveness in the digital advertising sector.
- Financial Background: During his tenure at Reddit, Drew Voller successfully improved the company's financial transparency and profitability, and Trade Desk hopes to leverage his experience in optimizing its financial structure in his new role.
- Market Reaction: The market responded positively to this appointment, with analysts believing that Voller's addition will help Trade Desk better navigate challenges in the rapidly evolving ad tech industry, thereby enhancing investor confidence.
- Strategic Significance: This appointment reflects Trade Desk's emphasis on diversifying and professionalizing its executive team, aiming to drive long-term growth and innovation by bringing in leaders with extensive experience.
See More
MicroStrategy Faces Bitcoin Yield Challenges Amid Bearish Sentiment
- Bitcoin Holdings: MicroStrategy holds 713,502 BTC as of 2025, despite a 56.9% drop in stock price to $138, maintaining its position as the largest U.S. equity issuer, demonstrating its commitment to Bitcoin investment.
- Yield Target Missed: The FY2025 BTC Yield was 22.8%, falling short of the 30% target, although each share represents more Bitcoin than before, which may undermine investor confidence in the company's future profitability.
- Dilution Risk: The company experienced a 52.6% expansion in share count in 2025, increasing from approximately 192.5 million to nearly 294 million shares, raising concerns about the management's capacity to dilute common shareholders' interests, especially amid falling Bitcoin prices.
- Bearish Market Sentiment: Reddit sentiment scores range from 28 to 30, indicating a pessimistic outlook among investors for MicroStrategy, despite 13 out of 14 analysts rating it a buy with a target price near $332.67, reflecting a divergence in market perceptions of its long-term potential.
See More
Is the Drop in Reddit's Stock a Chance to Buy?
Reddit's Stock Performance: Reddit's stock (RDTT) has faced significant declines, dropping over 43% year-to-date and nearly 48% from its all-time high in September 2025, largely due to reduced reliance on the platform for content sourcing by AI tools like ChatGPT.
Financial Growth and Revenue: Despite challenges, Reddit reported a 75% year-over-year revenue growth in Q4 2025, reaching $690 million, and has set guidance for Q1 2026 revenue between $595 million and $605 million, indicating a potential 53% growth.
User Engagement and Advertising: The platform has seen a rise in daily active users, with over 121 million users welcomed in Q4 alone, which is a 19% increase year-over-year, contributing to a positive outlook for advertising revenue.
Analyst Ratings and Market Sentiment: Analysts maintain a consensus rating of "Moderate Buy" for Reddit, with a price target suggesting nearly 78% upside potential, reflecting confidence in the company's future despite recent stock performance challenges.
See More
