Reddit’s stock market debut expected on Thursday has been a long time coming. The ad-supported home of over 100,000 forums first announced its intention to go public in December 2021. Over the course of the unusual years-long delay, Reddit revised its initial investor pitch 10 times, leaving a trail of edits that provide a look at the company’s past struggles, current vulnerabilities, and future ambitions.The many drafts show how CEO Steve Huffman dialed back warnings that too much content moder...