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Reddit CEO (/u/spez) is going to hold a AMA about the API update
(www.reddit.com)
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this post was submitted on 08 Jun 2023
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Technology
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They're going to IPO. This is the whole reason for Reddit's existence up to this point. Nothing the users do will possibly stop this; the users are what is up for sale. Of course they are going to be unhappy, they're about to get exploited. That's been built in already.
Conde nasty bought Reddit for 12m back in 2006 iirc, this has been the plan since then I bet.