It's that one clause that's the whole hangup right now.
as long as they're not doing anything that gets Reddit in trouble
Reading between the lines of everything Spez said, there's one abundantly clear fact - Reddit is not profitable - and that's a big problem, one the board and everyone is pushing to see fixed at all costs. Investors and ownership expect ROI, customers expect ROAS. They're not getting it, and they're getting to the end of the rope. I believe we're coming to a real existential issue for Reddit now - either they get profitable and drag the company over the line to the IPO (so that all the investors can cash out), or there's no more Reddit. Either you work with the company to bring profits, or you're a cost needing to be cut.
adjective_drift