This is the best summary I could come up with:

Reddit said Wednesday that the platform is revamping its privacy settings with an aim to make ad personalization and account visibility toggles consistent.

Our advertisers instead rely on on-platform activity—what communities you join, leave, upvotes, downvotes, and other signals—to get an idea of what you might be interested in,” Reddit said.

Reddit is seemingly removing toggles for getting post recommendations based on “general location” and activity on partner sites and apps.

The social network said it will also roll out controls to limit certain advertising categories such as alcohol, weight loss, dating, gambling pregnancy, and parenting.

It infamously made changes to its data API terms that led to many third-party clients shutting down and subreddits protesting in retaliation.

In an interview with The Verge in June, Reddit CEO Steve Huffman responded to IPO rumors and said “Getting to breakeven is a priority for us in any climate.”

The original article contains 415 words, the summary contains 147 words. Saved 65%. I'm a bot and I'm open source!