Reddit is now further away from a public offering than it was last year, Mr. Huffman said, but will continue building its business. He added that the community revolt was a part of what made Reddit Reddit and said he and his team planned to continue engaging with top moderators who were upset with the changes.
“For better or for worse, this is a very uniquely Reddit moment,” he said. “This could only happen on Reddit.”
When he went against his initial principle of "let's not make money through advertising on Reddit"
This whole thing the way it was handled by Huffman, was simply the worst way in which it could be handled. But I must say that he really does have an excellent read of the Reddit users.