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Tag: reddit (page 1 of 1)

Reddit faces outage after heavy trading in GameStop

Reddit reported an hour-long outage affecting thousands of users. Over 52,000 reports of people facing issues with the platform were reported by Downdetector. The outage happened as instability returned to stocks including GameStop and AMC that was at the centre of a slugfest between retail traders and Wall Street. The social platform is now more famous for its day-trading forum where individual traders recently triggered a rally in many shorted stocks.

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Reddit hit by outages in USA

Reddit users were experiencing problems on its website on Saturday, said outage monitoring website Users were unable to log in and send messages on the social media platform. The outage was reported in New York, Boston and Washington in the United States and Toronto in Canada. The cause was not known and Reddit is yet to acknowledge the outage or comment on media queries.

Reddit to buy TikTok rival Dubsmash

Reddit to buy short-video platform Dubsmash to become the latest entry into the space dominated by TikTok and have new entrants likes Snapchat and Facebook’. Details of the financial transaction were not disclosed but the acquisition was based on a combination of cash and stock. Dubsmash, founded in 2013 and has over 196.8 mn downloads globally. Dubsmash’s entire team, including co-founders Suchit Dash, Jonas Drüppel, and Tim Specht, will join Reddit.

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