@Weirdmusic if it's anything like Twitter (and it seems the same playbook is being used) then the only impact will be on the creators of the 3rd party apps (both by the end of their subscription revenue and more critically people requesting refunds on existing subscriptions). The company "owns" the infrastructure containing the content so assuming the integrity of the backups isn't breached then no amount of scrubbing with remove it (although EU legislation may claim some of it). Therefore it's only a question of time before things return to "normal" and the IPO can proceed. Reputational damage is the only thing that will really have a chance of derailing it.
You need to look at https://codeberg.org/Kbin/kbin-core