I have to imagine he thinks people hate Reddit for some irrational unfathomable reasons, rather than just him and the other executives for their actual behavior.
It 100% is. As a customer service manager for a software company, I can say - you wouldn't believe some of the threats we get, just while operating normally, and people are pissed about this.
"Hi, I'm sorry, but we charge an extra api fee for reddit employees"
"You have an api for a coffee shop"
"Yeah, its the Asshole Prevention Insurance, since the ceo is a giant, gaping asshole that likes to spew his filth all over things, and we want insurance that nobody from there does the same thing."