News
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, based on monitoring website Downdetector. Error messages displayed on Reddit pages included “We’ve got 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 stated “We’re presently investigating this subject.” An replace at 4:45 p.m. ET stated that “A repair has been applied and we’re monitoring the outcomes,” and entry to the positioning and app was quickly restored.
The corporate has skilled technical issues up to now, together with a serious outage in August of final yr and a five-hour outage in March 2023. In keeping with Reddit, there greater than 100,000 energetic communities from world wide throughout the positioning, 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% yr over yr, and a web lack of $90.8 million in contrast with a $158.6 million loss the yr prior.
For the second quarter, Reddit stated every 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 positioning, whereas mother or father Advance Publications retained a minority stake. Different buyers in Reddit embrace OpenAI CEO Sam Altman, China’s Tencent Holdings, Constancy, Sequoia Capital and Andreessen Horowitz.
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