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Community Site Experiencing Widespread Errors
UPDATED, 4:58 p.m. ET: Reddit, the web’s fashionable dialogue hub, encountered widespread outages and errors for almost an hour Wednesday.
Consumer experiences of issues with Reddit spiked simply earlier than 4 p.m. ET on Aug. 28, when there have been greater than 76,000 error experiences, in response to monitoring website Downdetector. Error messages displayed on Reddit pages included “We’ve encountered an error. Please attempt once more later” and “We have been unable to load the content material for this web page.” The error experiences on Downdetector indicated that the Reddit app was additionally experiencing issues.
A message posted on Reddit’s standing web page at 4:16 p.m. ET indicated “Degraded Efficiency for reddit.com” with a observe that mentioned “We’re at the moment investigating this situation.” An replace at 4:45 p.m. ET mentioned that “A repair has been applied and we’re monitoring the outcomes,” and entry to the location and app was quickly restored.
The corporate has skilled technical issues up to now, together with a serious outage in August of final 12 months and a five-hour outage in March 2023. In keeping with Reddit, there greater than 100,000 energetic communities from around the globe throughout the location, spanning quite a few matters and curiosity areas.
Reddit launched an IPO this previous March, elevating $519 million. The corporate, as soon as billed as “the entrance web page of the web,” reported 2023 income of $804.0 million, up 21% 12 months over 12 months, and a web lack of $90.8 million in contrast with a $158.6 million loss the 12 months prior.
For the second quarter, Reddit mentioned each day energetic uniques customers elevated 51% year-over-year to 91.2 million. It narrowed its web loss to $10.1 million (versus a web lack of $41.1 million within the prior-year quarter) whereas income rose 54% year-over-year to $281.2 million.
Reddit was acquired by Condé Nast in 2006 for $10 million, quickly after it launched in 2005. In 2011, Condé Nast spun out the location, whereas guardian Advance Publications retained a minority stake. Different traders in Reddit embody OpenAI CEO Sam Altman, China’s Tencent Holdings, Constancy, Sequoia Capital and Andreessen Horowitz.
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