Yeah that part is really wild - there were making money already off a 3rd party app, then decided to NOT take their money in 2016, then not enforce any trademarks (assuming that was what the deal was for) for what, 7 years?! How is that not gross incompetence? Minority shareholder lawsuit territory?
It's really clear that spez wants terminate any 3rd party clients whatsoever, I assume at this point any talk of app devs actually working with them is also a lie, as is the moderator tools and accessibility tools getting free API access.
Finally, the initial email the RIF received is so egregious - IMMEDIATE COMPLIANCE REQUIRED, when they hadn't even changed their actual terms yet.
Who would invest in a Reddit IPO now?! If they had done _nothing_ up to this point, I probably would have bought some, not that I am anyone of note, but I assume any serious fund would steer clear too at this point.