On Wednesday afternoon, Reddit faced a significant outage, reported by over 150,000 users, pointing to major access issues with its app and website.
Upon trying to access Reddit, users encountered an error message indicating a lack of service, with Reddit later acknowledging experiencing 'degraded performance' on their platforms.
By 4:45 pm ET, Reddit announced they had implemented a fix and were monitoring it, though the root cause of the outage remained unclear.
Following the outage, Reddit shares saw a nearly 5% drop during trading, demonstrating a direct impact on investor confidence amid the ongoing service issues.
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