This is just amazingly tone-deaf on Reddit's part. I don't even read IAMA regularly and I knew Victoria was well-liked. What is Ellen Pao paying attention to if not their highest-profile subreddit? Did she have no transitional plan?
They do not think like a business. They are a storage mechanism for other peoples content which their users generously provide for them to index. They don't make content, they don't generate revenue, they are stuck in a web2.0 model being valued on a per user basis. Reddit probably can't recover as community, but almost certainly not as a business.
> What is Ellen Pao paying attention to
Ideally the calls for her resignation, but it is to little to late probably.