Reddit recovers from hour-long outage amid heavy trading in GameStop

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(Reuters) - Reddit recovered from an hour-long outage that affected thousands of users on Wednesday afternoon as volatility returned to stocks including GameStop GME.N> and AMC that were at the center of a slugfest between retail traders and Wall Street.
Videogame retailer GameStop, which had closed up about 104% on Wednesday and was once again a favorite pick on the WallStreetBets page, doubled in extended trading, even as the social media platform was not fully functional.
Analysts that follow the stock offered several reasons for the surge, including a corporate reshuffle. The firm had on Tuesday said its finance head Jim Bell will step down next month.
Reddit, now more famous for its day-trading forum where individual traders recently triggered a rally in many shorted stocks, has faced several outages in recent months.
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