I would agree, if Reddit were a service provided by Reddit for customers. But it’s not. It’s a social network where most of the value of the site is generated by the users contributing content. No users, no value. They have tens of thousands of moderators donating countless hours of free work to the site, too. So if we leave the morality to the side for a moment and just put on our business hats, if Huffman pisses off the community too much, he loses critical mass and a large value proposition for the site. He is betting that no major exodus will occur and he can continue turning the screws.