This is stupid; users are fickle and visitors mean nothing if you can't monetize them. And usually attempting to monetize visitors causes them to leave to the next platform trying to reach a billion unique visitors.
I can't believe intelligent people think this is a valid way to run an Internet business. It might work for small startups looking to be bought out by a larger company (who will then try and monetize it, driving away all the users) but for a company like reddit it's a bit ridiculous.
(Edit fixed typo)