Two IMO on-point excerpts of the article:
The highest-ranked replies are very critical of the post. “What good is our feedback when reddit seems perfectly happy to ignore all of it?” wrote one user. “What’s the point?” Another pointed out that Huffman called mods “landed gentry.” “Show, don’t tell,” wrote another user — to which the admin replied, “Agreed.”
“A beginning of what?” replied one user. “This solves nothing, and just wastes everybody’s time.”
Reddit’s administration is sounding more and more like an abusive SO trying to gaslight you into staying in the relationship. “Baby I’ll listen to you, I swear.”
First of all, most of the devaluation happened before any of this went down. Second, stopping the chaos on the platform plays well with investors.
A) Spez was still CEO then, and it’s not like the API chaos is the only chaos that happened on Reddit recently.
B) It got marked down further in late June
I don’t really understand how you got to your position, but it isn’t fact based.
From the very article you linked:
The numbers are from May of this year, not since June.
Read your sources.