It cheeses my beans so goram much that they took a perfectly good web site and made it terrible so they could sell it to “the public”, notionally the same people who were using the site!!!
I can only conclude that this is some kind of scam and actually most of the thing is going to end up owned by deliberately nebulous “institutional investors” and not the community members who constitute and deserve ownership of the community. Or even the people at Reddit Inc. who did the work of making the thing.