You know how spez was bitching that reddit never turned a profit? I've said before it's his fault for never understanding reddit. Reddit's treasures are it's community and it's commentary. Instead of focusing on those, he's spent tens, maybe hundreds of millions, trying to force reddit into the latest techbro fad - reddit crypto or reddit NFTs or whatever. And then he absolutely fucking panicked once he realized that he'd paid for multiple AI companies to make off with multiple entire copies of one of reddit's treasures (which probably cost tens of millions in itself), and then alienated it's other treasure when he kept doubling down in his panic.