The internet’s best resources are almost universally volunteer run and donation based, like Wikipedia and The Internet Archive. Every time a great resource is accidentally created by a for-profit company, it is eventually destroyed, like Flickr and Google Reader. Reddit could be what Usenet was supposed to be, a hub of internet-wide discussion on every topic imaginable, if it wasn’t also a private company forced to come up with a credible plan to make hosting discussions sound in any way like a profitable venture.
Even if it weren’t nonprofit, it would be better run as a worker cooperative where the employees of Reddit made the decisions. Instead, its the capricious whims of Mr. u/spez
Steve has very little agency over business decisions at this point, he’s more of a quasi-independent mouthpiece for his investors.