Reddit is past its expiration date anyway and I'm surprised no one has created a challenger site. Perhaps this was due to Reddit's friendliness toward programmatic access but it seems they are taking that away. This is a good opportunity to create a new community, and essentially take back messaging from the corporations (let's be real about what reddit is) and put it back into the hands of the people.
I do think that Reddit could do with a massive overhaul.
If I was ceo tomorrow I would; - Install a bunch of new teams to focus on solving real problems for users - understand user pain points with the UX. why were people using third party apps? And fix the experience. Invest in better mobile apps - invest in some PR or similar to change peoples view of what Reddit is. Most people think it’s just a place for memes - (random wild idea) try to understand why users like Twitter how Reddit could attract those users over to Reddit to post content
I think with some targeted investment Reddit could do so much better for itself