Oh, I agree overall. Long term, reddit is fucked with a capital F. But I think the goal right now is to put enough lipstick on the pig for the IPO, and then to immediately bail out and let the schmucks holding the bag clean up the mess. (The fact that there’s no real coming back from something like this, and even if there was any such theoretical recovery would take years and is prone to end up further sabotaging the website, is irrelevant.)