Steve, in fact, was part of the BoD when Reddit stopped the revenue sharing scheme that some apps had up until... 2021? Something like that, don't quote me on it.

It does certainly seem like it, but what exactly are they trying to achieve? They don't have an IPO yet and even if they got one now it would be devalued over before the shit show. And with every new day reddit shows potential investors that they have absolutely no control of the situation, and just doubles down on idiocy.
How is it supposed to make money at this point?