Reddit has failed to adequately monetize their userbase, they've run into the same "politics and porn" issue that every social media platform has, and they've raised way, way too much money.
The worst part? I couldn't tell you the last legitimate ad that I saw on reddit. Facebook shows semi-relevant ads, sometimes location based. Reddit ads are visual flotsam.
I'm pretty sure FB thinks I'm a republican country hunter with a big beard who loves driving his huge truck to crossfit. Because of where I live possibly?