I agree that it's better than the new mobile web, but its design still feels super clunky and dated.
I remember a certain version of mobile web in 2017/2018 that worked GREAT. But then reddit decided to mess it all up by forcing mobile web users to use their (bloated and ad-filled) app and making it hard to access certain communities and read more than 2 layers of child comments.
I guess that's what relentless pursuit of advertising money/monetization targets over actually listening to the community (that made the product what it is now in the first place) does to a company.