Reddit (NYSE: RDDT) stock is sinking in Thursday's trading. The social media company's share price was down 9.4% as of 2:45 p.m. ET amid 0.7% declines for the S&P 500 index and the Nasdaq Composite index.

"Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated," he said in a post at the time. Tensions between Reddit users and Musk grew after the moderators of ...

Reddit users in the U.S. experienced an outage Thursday, with hundreds reporting issues. Down Detector showed a spike in outage reports, tracking disruptions through user submissions. Meanwhile, many users took to X (formerly Twitter) to complain about the Reddit app not working.