I think I understand the perspective of shareholders. Reddit was valued $10B at last funding round. They would rather prefer the company to die with say 10% cha

I think I understand the perspective of shareholders. Reddit was valued $10B at last funding round. They would rather prefer the company to die with say 10% chance of becoming 5x, than drop the valuation to $1B which would be the case if current revenue continues. So they are making changes, and it doesn't even matter if the changes are most likely very bad for the company. I don't think they are naive to think that reddit can't die and this action would not lead it to that path.