True, but the valuation is for investors and per fucknut, Reddit isn’t making any money, hence the api push to a paid platform.

Also, Reddit is going public soon when they IPO and investors aren’t going to want to invest in a bot ridden, non active community.

I’d say 75%+ used Reddit on their phones and many of them used 3rd party apps.

The point is, Reddit IPOing soon and then this fiasco is the worst thing for them.