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The CEO decided to flex and disregard massive blowback at an unpopular change. He marginalized his dissenters in interviews, saying shit that implied the dissenters were childish and their impotent tantrum will run out of steam.
For the CEO of the biggest internet social platform, he has no fucking idea how volatile the internet temperament is. You don't just poke the bear and walk away unscathed.
He fails to realize how fickle internet communities can be. It should be obvious based on what happened to Digg and Slashdot. If you mess with your users, they'll just leave. They should have been trying to keep them happy, not doing everything they can to alienate them. Reddit could have reached their profitability goals without making everyone mad. Instead they just keep digging their grave deeper. This lazy attempt to mitigate dissent means nothing, the damage is beyond repair.