I think this is exactly why. It’s to make sure that Reddit is “shored up” from any profits leaking out, and making sure that NSFW content is locked down so that investors actually invest.
It sucks because it’s our posts, our comments, our information that makes Reddit what it is. This is simply preparation for advertising and other for-profit opportunities. Greedy.
It absolutely will not be plain sailing - I think that the protest is an early warning sign. People that stick to Reddit are going to be bombarded with ads, Premium features, and new programs after Reddit goes public.
I am an Apollo user until the end - I think that after having such a good experience under Christian, I forgot how scummy a big corporation can be. Times are changing - we just saw some similar things with Musk taking over twitter.