Yes, Google and (especially) Apple may force Reddit to comply with this or that, but Google and (especially) Apple also prevent the user from doing all sorts of things they can do with an open platform like the web.
Users can't block ads in an app. Users can't block telemetry. Users can't prevent tracking, at least without help from the platform vendor. Users can't easily save their favorite content from your app if the company doesn't want them to. Etc.
The web is fundamentally user-centric, and apps are roughly the opposite of that.
There are also legitimate user-benefiting advantages of apps, such as ability to use the accelerometer or other non-web features, but I can't really think of any that convincingly apply to Reddit's app. Maybe somewhat better push notifications, and "sign in with Apple" but... still seems like another own-goal from team Reddit if they are, in fact, doing this.