250k is just the cost of refund of subscriptions. There is further costs related to new business model and all the risk associated with a continued work relatio

250k is just the cost of refund of subscriptions. There is further costs related to new business model and all the risk associated with a continued work relationship with a partner that just done you dirty. He can pay the refund, he understands it as not worth it and decided to not delay the inevitable and close shop. The thought is that it will not be profitable and any service offered after 30 days will only benefit reddit at his expense. It's the right call.