The only thing reddit can do is improve the first party app and mod tools. The rest is lost.
That being said I doubt the protests are reddits biggest priority. Even if reddit ipo’s perfectly and gets a injection of capitol (which might itself be difficult since investors don’t seem to care about userbase growth anymore) they are going to need to find ways to increase profits each year (like every other publicly traded tech company).
Advertising revenue is also limited given trend to cut “unnecessary expenses”.