The IPO is really the only thing that matters to reddit right now. Their entire decision making system is based around how to increase value and profitability as quickly as possible so that the IPO is successful (my guess is that this is in hopes of leaving investors holding the bag.)

Although they don't care to do anything about it, this current behavior is exactly what will make them unstable in the long-term. Having better organization, and a better business acumen, and being better to their community will net better profitability. But none of that matters as long as short-term, the IPO pays for the sins of the past.

There been a suggestion of a monthly blackout until they change course. Imagine if there was a blackout on IPO day.

Insightful comment I heard from someone else - once Reddit reopens the subs and the third-party apps have shutdown, moderators won't be able to moderate properly and we'll see all sorts of terrible spam. It's likely the largest subs won't be able to cope.

This by itself might not be able to hurt the IPO, but if they IPO after July 1st, it might be a whole new ballpark. (In other words, the lack of effective moderation - caused by the loss of the third-party apps that helped so much with moderation - might ruin the subs and cause Reddit's value to drop.)

An IPO Blackout will be even more damaging to Reddit Inc.

Let's hope it will happens!