I had a friend of a friend who worked at Wizards of the Coast, and it’s a revolving door there. There’s no shortage of people eager to work on games that mean so much to them, so it’s easy to abuser workers and cut the loose if there’s any hint that they might start demanding better treatment, or a better direction for the brands, or especially organizing and collectively bargaining.

It’s kind of the same thing here. There’s no shortage of servile users eager to be scabs. It’s going to lead to stifling and unpleasant communities in the long run, but they don’t really care. So long as they can slow down the appearance of enshittification, and keep reddit.com from being full of reasons why the site is a bad investment, they can cash out in the IPO and leave investors holding the bag.