Reddit Down: Community Site Experienced Widespread Errors

updated 4:58 p.m. eastern time Reddit the internet's popular discussion Hub encountered widespread outages and errors for nearly an hour Wednesday user reports of problems with Reddit Spike just before 400 p.m. eastern time on August 28 when there were more than 76,000 error reports according to monitoring site down detector error messages displayed on Reddit Pages included we have encountered an error please try again later and we were unable to load the content for this page the error reports on down detector indicated that the Reddit app was also experiencing problems a message posted on reddit's status page at 4:16 p.m. eastern time indicated degraded performance for reddit.com with a note that said we are currently investigating this issue an update at 4:45 PM said that a fix has been implemented and we are monitoring the results and access to the site and app was soon restored the company has experienced technical problems in the past including a major outage in August of last year and a 5-hour outage in March 2023 according to Reddit there are more than 100,000 active communities from around the world across the site spanning numerous topics and interest areas Reddit launched an IPO this past March raising $519 million the company once build as the front page of the internet reported 2023 revenue of $84 million up 21% year-over-year and a net loss of 9.8 million compared with a $18.6 million loss the year prior for the second quarter Reddit said daily active uniques users increased 51% year over-year to 91.2 million it narrowed its net loss to $10.1 million versus a net loss of $411 million in the prior year quarter while Revenue Rose 54% year-over-year to$ 2812 million Reddit was acquired by K Nast in 2006 for $10 million soon after it launched in 2005 in 2011 K Nast spun out the site while parent Advance Publications retained a minority stake other investors in Reddit include open AI CEO Sam Alman China's 10- Cent Holdings Fidelity Sequoia capital and andreon Horowitz