As quoted from the linked post.
It looks like you’re part of one of our experiments. The logged-in mobile web experience is currently unavailable for a portion of users. To access the site you can log on via desktop, the mobile apps, or wait for the experiment to conclude.
This is separate from the API issue. This will actually BLOCK you from even viewing reddit on your phone without using the official app.
Archive.org link in case the post is removed.
The more I look at this mess, the more I see elements of speedrunning. Reddit is really trying very hard to loose as many users as possible as fast as possible. It’s as if there’s a competition beware Reddit and Twitter.
Maybe they’re trying to get a poor valuation so they can reverse course afterward and get a boost.
go cry to the government and VC to get some subsidy
It seems to me that they are telling the investors that they might shrink but what is left will be on a much more profitable basis moving forward.