* Yishan Wong wanted to prioritize subreddits that had the most gildings and the users didn't like it, so he packed up and left.
* Ellen Pao took over and also resigned because the community didn't like a firing of an employee.
* Steve Huffman came back at Sam Altman's advisment, and proceeded to salvage an alt-right subreddit (/r/KotakuInAction) after being closed by its creator, approved the hiring of a sex pest admin, shut down RedditGifts, went all in on monetization, launched a React redesign that still sucks, gated features behind an app, and further siloed the community outreach from corporate.
Community oriented services are a pain in the ass as they scale, but reddit has not taken the challenges in stride. I feel like Digg got lucky imploding instead of becoming popular.
I wish Snapzu or Lemmy had the numbers reddit did to make them usable, but that's kind of a double edged sword.
Probably concentrating on IPO and trying to keep the balance sheet tight.