Additionally, Reddit equity is a seedy investment in the very best of market enviroments. Reddits content AND audience is the antithesis of what makes a user base valuable for advertisers. Piracy, NSFW, tech-savy enough to block ads, notoriously stingy etc. pp. Its user base also has a long history of revolting against any sort of attempt to change this set of facts.
Reddit sharply declined in quality over the past years. the neverending attempts to change its nature, in an attempt of ad-friendly sanitation; executed with unrivalled heavy-handedness, nipped any chance of revival in the bud. This is in addition to the feefdom-ness of moderators and a long history of mismanagement by spez himself. Sometimes mismanagement as in censorship. I finally gave up on making myself miserable with Reddit and its echochambers on a daily basis after they priced their APIs to death. That is one stupid decision on a long list of similarly misguided attempts at trying to sweeten the rancid Reddit equity deal.