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.
But even those guys will ask for user numbers, and if those are not steadily growing, Reddit’s net worth suffers massively. Potential for steady growth and montarization are the only metrics investors care about.
Reddit can easily manipulate user numbers in a way that would absolutely mislead tech-illiterate investors
Look at how many companies such as Twitter and Tumblr have only had a one or two years where they were generating a profit. For every educated investor there’s 10 more willing to put money into “the next big thing”.