This whole Reddit situation is equal parts funny and sad to me.
On the one hand, I find Reddit's whole deal hilarious. The content is user generated and the moderation is done by volunteers. The only costs they should have is the infrastructure and staff maintaining it. I'm pretty sure their biggest cost is due to their bone headed decision to start hosting their own video and images years ago.
On the other hand, a staple of the internet is at risk of disappearing. I can't count the number of times I was searching for information and located it on Reddit. A huge trove of public information is at stake.