That seems like a pretty dubious assumption. Who’s to say they aren’t more desperate for cash due to that? Reddit makes it painful to browse their site on mobile exactly because they want you to use the app so they can track you.
https://www.reuters.com/article/us-reddit-funding/reddit-val...
Now that doesn’t mean they’ve found a good long term model yet. But if I had to choose between Reddit’s and Facebook’s app (not that the comparison would make a lot of sense) then I’d choose Reddit on all days of the week.
They are presumably looking for a way to sustain themselves, but I still don’t believe they’re “desperate for cash”