Reddit status: access issues and outage reports

Problems in the last 24 hours

The graph below depicts the number of Reddit reports received over the last 24 hours by time of day. When the number of reports exceeds the baseline, represented by the red line, an outage is determined.

Most Reported Problems

The following are the most recent problems reported by Reddit users through our website.

• Website Down (46%)
• Errors (29%)
• Sign in (25%)

Live Outage Map

The most recent Reddit outage reports came from the following cities:

City	Problem Type	Report Time
Patna	Errors	9 days ago
Monclova	Sign in	10 days ago
Nice	Errors	11 days ago
Guayaquil	Errors	20 days ago
Veracruz	Website Down	26 days ago
Bhubaneshwar	Website Down	29 days ago

Full Outage Map

Community Discussion

Tips? Frustrations? Share them here. Useful comments include a description of the problem, city and postal code.

Beware of "support numbers" or "recovery" accounts that might be posted below. Make sure to report and downvote those comments. Avoid posting your personal information.

Reddit Issues Reports

Latest outage, problems and issue reports in social media:

• 
  James In Beta (@JamesJames518) reported 8 minutes ago

  RedditMaster Karma Mode actually wasn’t something I originally planned to build. But after talking to RedditMaster users, I kept hearing the same problem: new Reddit accounts often can’t post where they want, and it gets frustrating fast. A lot of people end up buying accounts, but purchased accounts can be risky and get banned easily. The other option is using an agency’s accounts, but then all the traffic goes to accounts you don’t own, and the quality can be inconsistent. So the safest long-term approach is still to grow your own account organically. That’s what RedditMaster’s Karma Mode is built for. Our users typically reach around 1,000 karma in about 90 days. I am really proud about what we achieved.

• 
  Colin Sechay (@colinsechay) reported 13 minutes ago

  @Fran_Casaretto_ The Legendary Story: Tom Hanks is sitting at a diner in North Dakota having a beer. A few tables over, some kid is face-down, completely passed out. Hanks walks over to check if he’s okay, sees the guy’s phone sitting on the table, and can’t resist. He has the bartender snap a few photos of himself with the unconscious stranger — one where he’s looking concerned, one where he’s pointing and laughing like he just found treasure — then slips the phone back into the kid’s pocket and leaves. The next morning the guy wakes up, scrolls his camera roll, and finds Tom Hanks photobombing his hangover.  That’s the story that spread on Facebook, Imgur, and Reddit with captions like “Can you imagine finding these on your phone after a drunken night out?” What actually happened A fan ran into Hanks at a diner in West Fargo (Hanks’ niece worked there). The fan’s thing was posing with celebrities while pretending to be wasted. He asked Hanks if they could do it. Hanks said yes, handed over his glasses, and played along while a friend took the pictures. The original Reddit title was literally: “My friend met Tom Hanks, stole his glasses and pretended to be wasted.”  Hanks’ favorite version When a reporter asked him about it in 2013, Hanks gave both stories and then said he preferred the legend: “Well now, that second version is that I did just start taking pictures with a passed-out guy. I’m happy with this version, that it’s become somewhat of a legend. I wouldn’t want anyone not to believe that I am capable of turning up on their phones.” So the photos are real, Hanks really posed with a guy who looks dead-drunk at a diner, and he really used the guy’s phone. He just didn’t do it to a random unconscious stranger. The internet decided the better story was the one where Forrest Gump finds you passed out and photobombs your phone, and Hanks was happy to let that one live. @grok

• 
  Om Patel (@om_patel5) reported 14 minutes ago

  grok bot made me exactly $262 today for my startup my entire sales and marketing team is 8 agents in a chat app 1\ lead scout figures out who my buyer actually is based off my existing customers, then goes and finds them pulls the list from apollo (cold leads), watches reddit, x and linkedin for anyone complaining about a competitor or asking for what i sell (warm leads) scores them 1 to 100 and drops anything under 60 2\ outreach engine takes that list and reaches out on whatever platform the lead came from cold emails go through resend, tue wed thu, 7am their local time, 4 emails with a day 3 follow up reddit, x and linkedin leads get a dm or a reply on the exact post that flagged them verifies every address first and rotates the sending domain so nothing lands in spam 3\ cold open writes the opener and does every reply after it it quotes what they actually said so the first line is never generic then keeps the thread going until they book or ghost me 4\ objection handler runs the support chat on my site, wired into my product knowledge base when someone goes back and forth it answers the real question instead of stalling, and kills the objection before it turns into a churn 5\ pricing architect watches which tiers people actually buy, moves prices up and down, and tells me where the money is sitting 6\ deal room the people who are almost there but need a human to close, like someone who wants a demo first it flags them and sends the booking link so i only get on calls with buyers 7\ content engineer writes posts for reddit, x and linkedin that promote the product, plus long form youtube video scripts built to rank on google and get cited by ai everything lands in drafts with ideas and hooks attached 8\ clipper cuts my youtube videos into short form and posts them to tiktok, reels and shorts all i need is one thread that shows me the whole system and it moves whether im awake or not people keep trying to hire a marketing team, but now all you need to do is write down what one actually does and then build it with @bot

• 
  Mendía Helicopter Tours (@MendiaTours) reported 20 minutes ago

  @PriestRitchie They trained hard for it. Enormous amount of debate and discussion. They forged and refined their rhetoric together. The problem is they were on Reddit, a place that bans truth and dignity and hides dissenting views. They assumed it would be more of the same here

• 
  Nehkog Grips (@h03gap) reported 20 minutes ago

  @kepilar77 Now you deny it. That's something you Protestant atheists say when you're not exposing problems in the Bible. My definition is better; your definition is Reddit.

• 
  Lothaen ⛏️ (@Lothaen) reported 23 minutes ago

  @the_austin_hull @GreywolfLuke A furry? Good one reddit rambo. I loath furries as much as I loath retards who can't argue their position. Break it down for me. Where does the AR9 shine and where does the MP5 shine? Where to they each fail? Be objective. 1) the ar9s charging handle is not in an ergonomic position. It's not a natural movement for the support arm to cover all that distance to the rear. To argue otherwise is compete faggotry. Now the use of the bolt hold open does improve the economy of movement and is a legit argument in favor of the AR9 as it allows you to bypass the repeated use of the charging handle on reloads. 2) The in line design is not ergonomic as many shooters are shooting with cervical spine ***** while maintaining contact with the toe of the stock which puts the recoil impulse above the shoulder mitigating the in line recoil impulse of the AR platform. Factors to get around this are higher optic mounts but this worsens cheekwield. The drop comb on an mp5 let's the stock remain in the pocket, gives consistent cheekwield instead of the step down stock to buffer tube (position depending). The recoil impulse is above the shoulder due to this design but the bolt and carrier weight on the mp5 is lighter than the AR9 giving the user less muzzle flip and more control. Especially important in the era of FRTs. 3) The magazine changes are faster on an AR9 again the economy of motion comes into play here with the additional controls. No argument there. I keep seeing you say the AR9 is more ergonomic and vibes and **** but you lack any semblance of reason or argument to back your statements. In some areas like reload speed it is superior. In other areas the ergonomics are lacking AR boys are just too stupid to admit fault on America's rifle. I have AR15s older and have shot multiple disciplines with said rifles... and yet I can admit that there are two sides to the coin as to the AR15s "vastly superior ergos" as some like yourself would claim. To blanket state that the mp5 has poor ergonomics is absolutely a reddit tier take. We can go on and on but I suspect you wouldn't give ground because your **** take is backed by a huge ego. Stop being cringe. The whole gun community is literally calling out your take as gay and full of aids.

• 
  ARIA (@attntion_s55ker) reported 25 minutes ago

  there are so many ppl on reddit who are like this is a terrible med that ruined my life and i know it's just reddit but I DONT KNOW ANYONE ELSE WHO HAS INSIGHT ABT THIS

• 
  Nishant Nischal (@Nishant_N_25) reported 29 minutes ago

  How to get thousands of signups without spending $1 on ads: Instead of launching your SaaS with a paid paywall: 1. Pick 1 feature from your product 2. Spin it off onto a standalone landing page 3. Remove all login/sign-up friction 4. Add a clean "Powered by [Brand]" watermark 5. Launch it on Product Hunt & Reddit A great free mini-tool will bring in more leads than a 6-month marketing campaign.

• 
  Tom Bilyeu (@TomBilyeu) reported 31 minutes ago

  "Find where people in [industry] are angry about the options they already have. Pull Reddit threads, Amazon reviews, Google Trends. Quote them directly." Follow up: "Now show me the five most urgent problems in a growing market, with the evidence."

• 
  Josef Andre (@josefandre_) reported 34 minutes ago

  @arthuryuzbashev aight I need to hammer reddit a bit more then. did try for a week but wasn't very successful, most certainly skill issue though

• 
  Alek Asaduryan (@Ldnbox) reported 36 minutes ago

  Yesterday I had a really interesting call with a potential client. They run 3 brands in completely different verticals, but all three use basically the same business model. And they have the same problem: Reddit absolutely hates them. Search any of their brand names + Reddit and you’ll find thread after thread about: -Refunds people couldn’t get -Products looking nothing like the ads -Poor quality -Bad customer support It’s gotten so bad that they’re potentially losing millions across the 3 brands because people do their due diligence before buying, find these threads, and walk away. But here’s where it gets even more interesting. That reputation isn’t staying on Reddit anymore. Ask an LLM whether one of these brands is legit or worth buying from, and many of those same complaints become part of the answer. Of course, they wanted help fixing their Reddit presence. I told them I can help, but only AFTER they fix the underlying problems. I can build a branded account, create and grow a subreddit, monitor mentions, participate in relevant communities, and respond to complaints. But none of that matters if the product is still bad and customers still can’t get refunds. You can’t Reddit-market your way out of a broken product. If they fix those problems, though, Reddit becomes an opportunity. Their official account can go back to old complaint threads and say: “We heard you. X, Y and Z have been fixed. If you’re still having an issue, DM us and we’ll help.” That’s infinitely more powerful than trying to bury negative threads with manufactured positivity. If Reddit sentiment around your brand is terrible, don’t start with Reddit marketing. Fix the reason Reddit hates you first. Then show up and prove that you listened. PS. The image is just an example. Now imagine your brand name appearing over and over in communities like this.

• 
  Clippa🐰✂️ (@CallMeClippa) reported 36 minutes ago

  @deverslath @tbdeinc @c_vinchenzo when no one could find the reddit leak that didnt exist, they created one hoping it would muddy the waters but people like you that are good at this are tracking everything in the **** show discord server already.

• 
  Justinas Rolando (@JustinasRoland0) reported 37 minutes ago

  Been testing Claude Fable 5.1 for Google Ads and gotta say it's cracked... The research, reasoning, and data analysis capabilities literally 10x'd. So here's a 10-stage AI workflow to automate 80% of it: (Literally every prompt you'll need. Save this) Stage 0: Build the project brain Before asking for anything, create a Claude Project and feed it everything. - Product pages - Best sellers - Customer reviews - Objection docs - Competitor URLs - Meta ads - Google Ads Transparency Center links - Search terms reports - Winning ad copy - Offer details - Brand guidelines - Past landing pages - Performance exports Then run this prompt “Act as the Google Ads strategy brain for this brand. Read all uploaded context and create a working brand profile covering: ICP, core pain points, buying triggers, objections, emotional language customers use, top products, strongest offers, competitor positioning, current funnel gaps, and Google Ads opportunities. Do not make recommendations yet. First summarise the context and ask me what is missing.” The quality of the outputs you’ll get from this AI workflow will directly correlate with the quality of the context you give it here. And also the quality of the Claude model you use, since newer models have more context tokens and better reasoning skills. Stage 1: Customer language mining “Search Reddit, YouTube comments, Amazon reviews, TikTok comments, and niche forums for people discussing problems related to [PRODUCT CATEGORY]. Extract the exact words they use when describing the problem, what they have tried, why those solutions failed, what outcome they want, and what would make them buy. Format this as: Quote / Pain Point / Desired Outcome / Funnel Stage / Possible Ad Angle.” This gives you the language that keyword tools would never show you. If someone writes: “I’m tired of wasting money on supplements that do nothing.” That can be a winning ad angle right there. Stage 2: Competitor angle map “Research these competitors: [COMPETITOR 1], [COMPETITOR 2], [COMPETITOR 3]. Use Google Ads Transparency Center, Meta Ad Library, their landing pages, product pages, offers, guarantees, reviews, and email capture flows. Build a table showing: offer, main promise, ad hooks, landing page angle, proof used, objections handled, pricing position, and what they are NOT saying.” Then run: “Based on this competitor research, identify the 5 most validated market angles and the 5 biggest white-space angles we can own. For each angle, explain which funnel stage it belongs to and what campaign type should test it first.” If 3 competitors are all running the same hook, that angle is validated. You don’t even need to be original. Just add your unique spin to what’s already working. Stage 3: Keyword research “Using the customer language, competitor research, product pages, and search intent data, build a full Google Ads keyword universe for [BRAND]. Split it into: branded, competitor, high-intent product, problem-aware, solution-aware, comparison, ingredient/material, use-case, gift/occasion, and negative keywords. For each keyword, include funnel stage, intent level, match type, campaign/ad group recommendation, and landing page angle.” Then run: “Now prioritise this keyword research report into a 30-day launch plan. Separate must-launch keywords from phase 2 tests. Flag any keywords that are high volume but low commercial intent.” This stops the campaign from becoming a messy keyword dump. Stage 4: Campaign architecture “Turn the finalized keyword research report into a complete Google Ads account structure. Include campaign names, ad group names, keyword match types, bidding strategy, starting budget split, exclusions, negative keyword rules, and when each campaign should launch. Use this structure: branded search, branded shopping, non-branded shopping, non-branded search, competitor search, PMax remarketing with brand exclusions, display remarketing, Demand Gen, and TOF search tests.” Then add: “Explain why each campaign exists, what signal it is meant to produce, and what metric decides whether it scales, holds, or gets cut.” Every campaign needs to play a role in your ecosystem. If it doesn’t, you should just stop running it. Stage 5: RSA copy production “Write responsive search ad copy for [PRODUCT] targeting [KEYWORD]. Funnel stage: [BOF/MOF/TOF]. Use the customer language and competitor gap analysis above. Give me 15 headlines under 30 characters and 4 descriptions under 90 characters. Include: benefit-led headlines, problem-led headlines, proof-led headlines, offer-led headlines, and urgency-led headlines. Make sure headline 1 matches the search intent.” Then run: “Create 3 ad variations for this keyword: one direct-response version, one proof-heavy version, and one problem-agitation version. Explain which audience each variation is for.” BOF copy should sound like the product is the obvious answer. MOF copy should make the benefit feel believable. TOF copy should make the problem impossible to ignore. Stage 6: Merchant Center feed optimization “Rewrite this product title for Google Shopping using the structure: Brand + Product Type + Core Keyword + Key Feature + Use Case/Benefit. Stay under 150 characters. Give me 10 variations ranked by likely search intent.” Then: “Write a Merchant Center description for [PRODUCT]. Use up to 5,000 characters. Include all relevant buyer keywords naturally, cover features, benefits, use cases, materials/ingredients, sizing/specs, objections, and reasons to choose this product. Do not include irrelevant keywords or products we do not sell.” Then: “Audit this product feed for missed Google Shopping opportunities. Check title, description, product type, Google product category, images, variants, pricing, promotions, shipping, reviews, and attributes. Tell me exactly what to change.” Stage 7: Landing page angles “Build a landing page brief for [PRODUCT] targeting people searching [KEYWORD]. Awareness stage: [PROBLEM-AWARE/SOLUTION-AWARE/PRODUCT-AWARE]. Structure it as: hero headline, subheadline, proof bar, problem section using customer language, mechanism section, product section, comparison section, reviews, objection handling, FAQ, CTA. Make sure the first screen matches the search query.” Then run: “Create 5 landing page angle variations for this product based on different search intents. For each one, give me the hero, core promise, proof required, objections to handle, and CTA.” Send the best one into Claude Code. Now you have an intent-specific page created instead of 1 generic PDP trying to convert everyone. Stage 8: Creative production Connect Higgsfield MCP inside Claude. Then run: “Create a 9-shot YouTube ad concept for [PRODUCT] based on this angle: [ANGLE]. Style can be claymation / UGC / cinematic product demo. For each shot, include scene description, voiceover, on-screen text. Use GPT Images 2.0 for the statics.” Then: “Create 5 new creative concepts from the strongest customer pain points in the research. Each concept should include hook, visual metaphor, script, image prompts, animation prompts, and CTA.” If you wanna run video ads, animate your statics with Seedance 2.5 Use Fable to write the scripts. Shouldn’t cost more than $3 per ad. Stage 9: Daily campaign audit Connect Google Ads MCP (or just export report CSV) Then run: “Pull the last 7 days of Google Ads performance and compare it to the previous 7 days. For each campaign show spend, revenue, ROAS, conversions, CPA, CPC, CTR, impression share, search lost IS rank, search lost IS budget, and top search terms. Flag: ROAS down 20%+, CPA up 20%+, budget-limited winners, rank-limited campaigns, branded leakage in non-branded campaigns, wasted spend queries, and products spending with no conversions.” Next up: “Turn this audit into an action list. For each action, include the campaign, issue, evidence, recommended change, risk level, and expected impact.” Stage 10: Weekly scaling plan “Compare performance across 7, 14, and 30-day windows. Identify campaigns, products, keywords, ads, and landing pages with consistent green signals. Recommend which budgets to increase by 15-20%, which to hold, which to decrease, and which tests to launch next. Do not recommend scaling anything unless the signal is consistent across multiple windows.” Then: “Create next week’s testing roadmap. Include 3 keyword tests, 3 creative tests, 2 landing page tests, 2 feed tests, and 1 campaign structure test. Rank them by expected impact and implementation difficulty.” And this is how you get your full ecosystem set up: - Research feeds keywords - Keywords feed campaigns - Campaign data feeds landing pages - Landing pages feed creative - Creative feeds new angles - Audits feed the next week of tests If you want me to build this full AI Google Ads production system for your brand btw, DM me “FABLE” and I’ll show you what it’d look like

• 
  finngaalkn 🏳️‍⚧️🏳️‍🌈🐺#NEVERTrump#NEVERMAGA (@finngalkn) reported 43 minutes ago

  @beardpandaa I’ve been called “theyfab” and I’m a whole *** binary trans man. Some of those comments about trans men having “privilege” meanwhile over on Reddit r/trans has been completely shut down because a trans masc tried to point out underlying transandrophobia and the entire subreddit

• 
  UnrulyCrow🇺🇦🇵🇸✊️ (@Unruly_Crow) reported 44 minutes ago

  @_kodiakinclouds This is why I checked out from it (and fandoms in general). This behaviour has been happening for years now, even in 2020 when Twisted Wonderland got released, I quickly noticed this issue. In the 2010s I saw it on Tumblr and Reddit, it made me actively avoid certain fandoms.

• 
  hooftly (@hooftly) reported 44 minutes ago

  Something has happened in the trenches. We are seeing the emergence of a new meta that, to me, has always been obvious. If you troll my old Reddit posts, you will see me talking about this. I have always been adamant about one thing when it comes to memecoins... they need more than a meme. Bored Ape Yacht Club were pioneers here because they took an otherwise pretty useless meme and turned it into a social phenomenon. They achieved this by adding exclusive perks for holders, different levels, and more. The lesson learned here? Utility is required for any meme to survive long term or grow further. That utility can look like what BAYC did... Or it can look like something else. How many memecoins have you ever held? Were you glued to the charts, hoping it wouldn't nuke, with your finger on the sell trigger? This is psychologically draining. It's also dying as a meta. Enter MemeFi. The very thing I have been talking about for so long. I'm not the only one who sees this now. It started with Stonkbrokers piercing the veil and really setting it off. People started to realize memes could be more. They could be productive, and they could earn. Once you see this in one place, you start to realize where this is not happening... which is almost every OG meme in the space. Okay, cool, but SB was built from first principles by a builder who was deeply entrenched. They can't all be the same caliber, right? This may be true, because building DeFi is hard. But what if there were a way to make memecoins useful without needing to build massive rewards incentives internally? What if you could also tie it into the growing MEME/Stock pair meta? This is one of the things STATICS is trying to accomplish. You may have heard about our basket tokens and how, when created, Uniswap v4 pools are deployed pairing the Basket Token itself with each of its underlying assets. Three underlying assets in the basket? Three pools are created. This creates an arbitrage graph between the pools, the external venue value of the underlyings, and Basket Token mints and burns. Now enter memecoins and stock pairs. These are already seeing traction, and users are making real yield in liquid assets by LPing Meme/Stock pairs. But what happens when attention ends? What drives trading if no one is paying attention? ARBITRAGE. I know I sound like a broken record at this point, but the more opportunity you have for price divergence, the more opportunity arbitrage traders or bots have to rebalance and profit. This translates to volume. Volume translates to fees. Fees translate into rewards for LPs. And rewards can translate into attention coming back because the yield is good. See where I am going? Basket Token pools don't require speculation to attract volume. All they need is price divergence. In trading, divergence is an everyday occurrence. Imagine a basket with underlyings of NVDA and MEMECOIN. We call it NM1. You then have pools with: NM1/NVDA NM1/MEMECOIN If MEMECOIN dumps hard on an outside exchange, think about what just opened up... The MEMECOIN/NM1 pool has not dumped with it, and this has created a DIVERGENCE. A trader can buy MEMECOIN at the lower external price, sell it into the NM1/MEMECOIN pair, acquire NM1 tokens, burn NM1 for the underlying assets, and profit. The trader was able to profit AND pick up NVDA at the same time. And this is just a super simple example of all the possibilities that open up. $STATICS is building infrastructure to make existing assets useful and, ideally, bring attention back to them. The Uniswap v4 hook also compounds part of the fees directly back into Protocol Owned Liquidity that can't be removed until a pool is decommissioned. This means every trade deepens protocol-owned liquidity. MemeFi is here, and it's being paired with stock tokens. The frontier for this is on @RobinhoodCrypto, and @staticsprotocol is building for it.

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  Christian Weibrecht (@ChristianW529) reported 49 minutes ago

  @MOakshott1968 @TristinHopper Zero reasonable people actually believe that war between US & Canada is possible Cut down on HOI & Reddit

• 
  orange chainsaws (@westboundsign95) reported 49 minutes ago

  Why is there just so many bad guides to literally everything and somehow reddit is the one that solves all my problems

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  Josh (@joshmanders) reported 50 minutes ago

  @vaxryy > reddit Well there's your problem

• 
  John (@hello_code_) reported 51 minutes ago

  @saaayyyaaan @Guronnimo Cheapest test is just reading how people describe the problem before you write code. I search Reddit for the exact complaint first, saves months of guessing

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  IamLeo (@ImLeoRey) reported 54 minutes ago

  @Techjunkie_Aman This is terrible news, nexusmod has become tyrannical and toxic, it's like the reddit of mods.

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  सम्यक সম্যক (@samyak128) reported 55 minutes ago

  All Indian discourse is a mimicry of American discourse from 10-15 years ago. This means we are now in the era of cringe Reddit adolescent atheism, which is basically people in their 20s projecting their issues against their parents through the internet. But since this is India, there will be no original thought, only mimicry. We even mimic the cringe. We can expect an Indian version of the Aalewis Reddit post from an Indian "professional quote maker" sometime soon

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  Burnt Toasst (@BurntToasst) reported 55 minutes ago

  @Chavez628K @decktech1047 @marceelias Your hurt little fee fees are your problem so can't help you there. But I'm sure it will be a post on reddit that says something like "and then I called him a filthy animal" and end with all of X standing up to clap for you. Regardless, you'll still be a retard.

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  Laqpiku (@laqpiku) reported 57 minutes ago

  @BAcct8 @coinjoined @NeoxaPortal Also the reddit post was by them. They shought to destroy the only place they traded at because 1) Wrong ticker in their mind 2nd) They didnt like the price when market kept slashing it down.

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  liquidated (Dev Arc) (@liquidated0x) reported 58 minutes ago

  @pfernan95dev distribution is your whole bottleneck fr. most agencies are just dashboards with extra steps been down this road, the agents that can push reddit and seo content without a dashboard barely exist yet. you might be onto something

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  Matt (@whatsinitforme) reported 60 minutes ago

  @LegalYookay Reddit moderators always shut down such things

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  GOP & Me (@GOPandMe) reported 1 hour ago

  @salowa87 @Noioso2A @reddit_lies You’re completely wrong, the infant was already in post care meaning the surgery was already done. The only reason the doctor was there was to tell them how the surgery went and to field any questions about post surgery. The question was asked after they heard how the child was faring from the surgery, and since nobody else in the family attacked the Aunt it’s clearly an appropriate question. You got some serious issues assuming that the angry doctor on Reddit is correct.

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  Morpheu5 Stock Watcher (@Morpheu5Watcher) reported 1 hour ago

  REDDIT $RDDT ADDED $2.6B TODAY OVER TWO CONTRACTS WORTH $130M A YEAR: Reddit RDDT at $158.11, +$13.47 / +9.31% today, one of the largest gains on the board among big, widely-followed names - and the company itself did nothing to earn it. The San Francisco company runs the network of user-written forums people land on when they add "reddit" to a search, employs 2,555 people, and makes almost all its money selling ads inside those conversations. The day around it: S&P 500 ETF Trust, ticker SPY, at $765.27 (after hours), +$3.49 / +0.46%. One stock, not a market. WHAT WAS ACTUALLY SAID Colin Sebastian at Baird kept a Neutral rating and a $185 price target - the level an analyst reckons the shares are worth - and made an unusual argument. Not that good news is coming: that the bad news is already in the price. Today's share price, he wrote, already sits near his worst case for two expiring contracts, and he valued a middling outcome at roughly $10 a share of extra value, a good one at roughly $20. That is the whole catalyst: an unchanged rating and a sentence about what the price already assumes. THE TWO CONTRACTS Reddit charges AI companies for legal access to its archive of human conversation instead of letting the text be scraped for free. Two of those deals matter: - Alphabet, the owner of Google, at $337.38 (after hours), +$2.36 / +0.70% today: a reported $60M a year, from a February 2024 expansion of its access to Reddit's data - OpenAI, privately held, with no shares anyone can buy: a reported $70M a year, from May 2024 Both expire next year. Neither has been renewed in public. Together that is $130M a year against $2.78B of revenue - the money coming in the door - across Reddit's last four reported quarters. Roughly 4.7% of sales. Set the two side by side. Today added about $2.6B of market value - the share price times every share - against contracts bringing in $130M a year. Twenty years of that revenue repriced in one session, on an argument that the fear had gone too far. WHY IT NEEDED AN ARGUMENT The June quarter, reported July 30, was not the problem. - Revenue $804.9M, +61% from a year earlier - the eighth quarter in a row above 60% - Advertising was $762M of it, +64%; everything else, licensing included, $43M - Profit $252.8M, or $1.25 a share, against about $0.97 analysts modeled, from $89.3M a year earlier - People using Reddit on an average day: 130.3M, +18%. Money earned per user: $6.18, +36% - This quarter was then guided to $860M-$870M of revenue, above the roughly $830M modeled Beat, guided higher, and down 20.99% the next session - $178.04 to $140.67 on July 31, on 29.9M shares against a normal 4.5M. Two worries did that. Visitors arriving from Google searches had gone choppy, and no new AI licensing deal was announced. Both are one worry in different clothes: how much of Reddit turns on a larger company's decisions. Which is why Alphabet is in this story twice - as the customer paying the $60M, and as the search box deciding how many people show up. THE PART THAT SHOULD SLOW ANYBODY DOWN Reddit did this exact thing three weeks ago. On August 14 it closed at $178.09, up 12.63% in a session, on news it would join the S&P 500 - the index that fund above tracks - on August 18. Index funds have to buy what the index holds, so that was real, dated, mechanical demand. By September 1 the stock closed $144.64. The entire 18.78% handed back over twelve sessions. Today's $158.11 close is one cent below the $158.12 it closed at on August 13, the day before the index news broke. Three weeks, two double-digit jumps, one full round trip. The shape today was strong - opened $143.71, dipped to $143.50 early, closed within 16 cents of its best price of the day - but on 5.32M shares against a 7.03M average over the past month. A 9% move on lighter turnover is a smaller crowd setting the price than the percentage implies. Wider frame: the shares sit 44.1% under the $282.95 of September 18 last year, and $19.93 / 11.2% under where they closed the day before the July report. WHERE IT SITS Reddit is fourth on the Hypergrowth Len5, which watches early companies growing fast. It earns that on both halves at once - 18% more people showing up, each worth 36% more - which is how a 61% quarter gets built without either number carrying it alone. WHAT WOULD CHANGE IT: management's own map for this quarter is +47% to +49%, the first sub-60% quarter in two years. Growth settling there and easing further makes this a bigger company growing slower, which is a different style's shape. None of the other five carry it. Momentum watches a company climbing on news of its own, and an outsider's opinion is not that; a high built on Reddit's own October figures would be. Quality-Value hunts a durable business at a fair price; 33.6 times the last year of profit is arguable, but durability is the harder half while a real share of visitors arrives through somebody else's search box - user growth holding through a referral downturn is what would settle it. No dividend answers Income in one line. Alphabet sits first on that same Quality-Value Len5 - the top name on it - because search and cloud are about as hard to displace as any business gets, and the price reads as a real discount rather than merely fair. WHAT WOULD CHANGE IT: search revenue shrinking as people ask AI assistants instead. WHAT TO WATCH, AND THE RISK October 29 is the next hard fact, when Reddit is expected to report - not company-confirmed. That is where +47% to +49% either lands or does not, and where any renewal news surfaces. The risk is that nothing was signed today. No contract renewed, no talks confirmed, no figure published. What moved was one analyst's read of what the price already assumed - and twice this summer this same stock has been handed a reason to jump and then spent a fortnight giving it back. Not investment advice.

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  Johnny (@houndofhircine) reported 1 hour ago

  @frozenaesthetic Can you buy Reddit too and shut it down?

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  BLACC (@BLACCGYE) reported 1 hour ago

  @SydusArtsLinks Reddit has a problem with people thinking their personal interests and dislikes are law and everyone should agree with them. It’s pure entitlement