It is almost like we can't trust a for-profit owned social media site to have our interests as their first priority. I don't know what this CEO is doing but it's hard to see a bright future for Reddit in any case. Its too bad for the community but it is really too bad for those working there.
Really, it's totally in the category "when you're getting something for free, you're not the audience, but rather the product."
When people failed to buy in very deeply to the tchotchkes to "pay" for Reddit, it was the last gasp of any effort other than wholesaling the dataset to advertisers and anyone willing to pay for the content.
My break from Reddit wasn't driven by any one single act, but rather the continued (and organized) sanitization of the Internet to appease conservative, Christian investors who make demands on the morality of the content of a site.