financetom
Business
financetom
/
Business
/
Reddit resolves outage that hit thousands of users
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Reddit resolves outage that hit thousands of users
Aug 31, 2024 8:02 PM

(Reuters) - Social media platform Reddit ( RDDT ) said on Wednesday it has resolved an issue related to an update that led to an outage affecting thousands of users.

"Earlier today we shipped an update that unintentionally impacted platform stability. We deployed a fix and are back up and running," the company said in a statement to Reuters.

Reddit ( RDDT ) is known for its forums, or "subreddits", where communities discuss various topics. It primarily relies on advertising for its revenue.

Downdetector, which tracks outages by collating status reports from several sources including users, showed over 152,982 reports of outages in the U.S. as of 04:09 PM ET.

(Reporting by Tanay Dhumal in Bengaluru; Editing by Arun Koyyur)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
89bio Prices $250 Million Offering of Stock, Warrants
89bio Prices $250 Million Offering of Stock, Warrants
Jan 29, 2025
04:47 AM EST, 01/29/2025 (MT Newswires) -- 89bio (ETNB) said late Tuesday it priced an underwritten public offering of 21.7 million common shares at $8.75 per share and, in lieu of common shares to a certain investor, pre-funded warrants to purchase up to 6.9 million shares for expected gross proceeds of $250 million. The pre-funded warrants are priced at $8.749...
Akero Therapeutics Prices $350 Million Upsized Public Offering
Akero Therapeutics Prices $350 Million Upsized Public Offering
Jan 29, 2025
04:37 AM EST, 01/29/2025 (MT Newswires) -- Akero Therapeutics ( AKRO ) said late Tuesday it priced an upsized public offering of about 5.3 million shares at $48 each and pre-funded warrants to purchase about 2 million shares at $47.9999 per warrant. The company anticipates gross proceeds of $350 million. Underwriters have a 30-day option to acquire up to about...
Japan’s Metaplanet Plans to Buy 21,000 Bitcoin by 2026
Japan’s Metaplanet Plans to Buy 21,000 Bitcoin by 2026
Jan 29, 2025
Tokyo-listed Metaplanet ( MTPLF ) said on Tuesday that it would accumulate 10,000 bitcoin (BTC) by the end of 2025 and 21,000 bitcoin by the end of 2026 as part of a corporate treasury plan. The strategy is designed to establish Metaplanet ( MTPLF ) as one of the world's largest corporate holders of bitcoin, the company said. It holds...
Volvo Cars buys Northvolt's stake in EV battery venture NOVO
Volvo Cars buys Northvolt's stake in EV battery venture NOVO
Jan 29, 2025
STOCKHOLM, Jan 29 (Reuters) - Volvo Cars has signed an agreement to buy struggling Swedish battery maker Northvolt's stake in their joint battery venture NOVO Energy, the Sweden-based automaker said on Wednesday, without disclosing the price. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved