I think in general there is a lot of anger or frustration around the fact that Reddit's primary trove of value is content that has been created, posted, and mod

I think in general there is a lot of anger or frustration around the fact that Reddit's primary trove of value is content that has been created, posted, and moderated for free by their community. Despite this, Reddit trends more and more user hostile every year, with rules, redesigns, and other limitations that often come across as attempting to punish or hinder the very group that is the core of their value. While I doubt the majority of the user base takes issue with Reddit wanting to be profitable, the potential IPO is coming across very much as a rug pull of sorts to those users.