It is currently maintained by one excellent developer, is featured by the Apple App Store for design... what's the downside?
They've worked really hard on making sure their official app is an actual piece of garbage. I am truly impressed at the amount of work it takes to make something that is that bad. People being paid for the existence of that app make me feel good in that no matter how bad I can get, no matter how senile and incompetent I'll become, there'll be a job for me somewhere. Paid absurdly well, too.
These firms hirebuy (like acquihire but more money) a single dev with an amazing tool, and not long after the tool is terrible and the dev is out of there.
Instead they jerked around the developer, ditched all the code, and shut down the app in 2016.
Proceeded to shut it down and basically fire the developer. They don't want anything but their reddit mobile app they have had top minds figuring out how to data mine you harder and show you ads. That's it. That's their goal.
I think the key problem with all the theorycrafting in this thread about how Reddit could approach this in a better way is that these better strategies are fundamentally incompatible with whatever is broken in Reddit's management.
I think it's fair for the authors of these tools to do well. I encourage creators to monetize when they can. Just get the check up front so you can go create the next thing, because no matter what the acquirer says, you are unlikely to remain aligned.
People gravitate towards third party apps because they have less ads, and because since they don't mine for data as much as the official app the user experience is more like "classic" Reddit and less like an algorithmic content pipe alla TikTok.
Most of the things that make the official app shit are the things that make it profitable - it just needs to avoid being so shitty as to alienate too many users.