Reddit Resumes Service After Global Outage

Benzinga
14 hours ago

Social media platform Reddit Inc (NYSE:RDDT) reported service disruption on Monday morning. 

The connection errors began at 11:20 am ET, according to Downdetector.

The number of users reporting issues peaked at more than 100,000 users worldwide, as per Downdetector. 

Also Read: Amazon, Wayfair, Pinterest Win Analyst Backing Due To Tariff Pause, Supply Chain Relief, Discretionary Spend Recovery

At 12:21 pm ET, Reddit status disclosed that all systems were operational and the outage was resolved. 

Users faced issues globally across apps and websites.

In February, Reddit reported fourth-quarter revenue of $427.71 million, beating the consensus estimate of $405.26 million. Fourth-quarter earnings of 36 cents per share beat analyst estimates of 25 cents per share. Daily active unique (DAUq) users increased 39% year over year to 101.7 million.

Price Action: RDDT stock is down 4.66% at $91.80 at the last check Monday.

Photo: Henry Franklin/Shutterstock

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