I think this is an underrated point. There’s a lot of money stress out there right now. There’s a lot of people with jobs who have anxiety that they could lose those jobs. There’s a lot of Redditors who have come to see Reddit as an online home and a community that values them. All that anger and fear and stress is just looking for an outlet. And here comes the smug CEO pressing all three of those buttons at once?

And I’ll take your point one step further. Pretend it’s three months down the road, this has largely all run its course, a bunch of people have left for good, and you are one of Reddit’s primary investors. Your analysts tell you that you have lost 40% of your investment due to this debacle and that unless Reddit takes some steps RIGHT NOW to win its user base back and show the mods they’re listened to and valued again, you’re likely to lose more. These people will happily sacrifice Spez in a cocaine heartbeat under such conditions. A little public pillorying while they blame Spez for everything, a little faux contrition from the board and a promise to do better, the appointment of a CEO with some charisma and people skills who will lead some foo foo initiative to look into user complaints and do a little grandstanding – this is the playbook.