I'm not so sure that it will have negative long term impacts. The damage has been done. They don't see reversing it as improving their chances to turn things around. In terms of investors, if they are willing to shell out cash for Reddit right now, maybe they deserve their fate.
I'm terms of your political opinion, the only thing I know is you don't like capitalism. You either don't understand the definition of it, subscribe to what I addressed broadly, or believe in a former dead form of economic system. Really, it's on you to be specific.