It's like if McDonalds instead of just opening more stores decided that it can make even more money if it turned into a bar and grill because steaks have higher margins.
The redesign is basically unusable for me. And it's astounding how much data it has to pull down compared to old.reddit.com even with ads blocked just to load a page.
Like, it's just really shoddy work from the ground up. If hosting really was the problem, there's a LOT of lower lying fruit for them to clean up.