Reddit was down for thousands of users on Thursday, according to outage tracking website Downdetector.com, a day after it rolled out a fix for a software bug that prevented tens of thousands of people from accessing the social media platform.
This morning, at around 7 a.m. PT, the social media platform Reddit experienced yet another outage after experiencing one yesterday afternoon.
Social media platform Reddit experienced an outage this afternoon at around 12:20 p.m. PT (or possibly even earlier), resulting in thousands of users being unable to access its website and app.
Reddit said on Wednesday it has rolled out a fix for a software bug that prevented tens of thousands of people from accessing the social media platform in the U.S.
Tens of thousands of users reported that the website and app were inaccessible starting just before 3 p.m. Eastern on Wednesday.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Reddit has seen recent success in closing the monetization gap by improving ad load and attracting a more diverse stable of advertisers. Translation and data licensing efforts significantly expand RDDT's revenue growth potential. While the valuation looks 'premium', we see a 25% annualized upside from now through 2026 on the back of higher advertiser ROI, user growth, and RPU.
RDDT stock benefits from robust user growth, expanding ad revenues and key partnerships, positioning it for continued success in the digital landscape.
Reddit Inc. RDDT has turned heads this year, boasting a 167% gain year-to-date, with recent months showing an even steeper climb.
Michael Seibel, a director at Reddit, Inc. (NYSE: RDDT), recently sold a substantial portion of his holdings, as disclosed in a filing with the U.S. Securities and Exchange Commission (SEC).
Reddit Inc RDDT has turned the tables on Snap Inc SNAP in social media rankings, climbing 12% on Election Day to reach a market cap of $21.5 billion, ahead of Snap's $20.4 billion.
In the highly saturated yet competitive social media market, Reddit (NYSE: RDDT) stands out. The platform, which aligns more closely with the style of an old-school forum, had its long-anticipated initial public offering (IPO) on March 21.