A community which I don’t want to mention is planning on buying and owning 51% of Reddit when it goes public

So one of the biggest most influential communities on Reddit so now talking about literally buying and owning 51% of Reddit once it goes public. Is Reddit going public a dangerous thing as a whole? I read about buying a DAO on here but was a little confused, what do y’all think will happen? Lots of people are worried that Reddit will get less user friendly with more ads coming in, I really love this community and all the information we share to help each other out. Ideally creating a decentralized Reddit on a block chain would probably be a great idea to have a second place to gather and communicate, especially since it will push crypto into more real world use cases.