I think issue 3, especially in relation to a potential IPO, is Reddit's leadership again demonstrating a flippant willingness to lie and distort reality to suit their purposes and the carelessness to get caught doing it.

Surely there is a reasonable business case to be made for this policy change. Attempted character assassination of a 3rd party developer with blatant falsehoods, not so much. I dunno, maybe they aren't worried and there's plenty of investors an wall street ready to hand over big bags of money to a demonstrated liar.