I haven't listened to the audio recording per se but that was my understanding, too, by reading this guy's written description of what happened.

Him and Spez (or whatever his name is) got together in a tense meeting on two opposing sides, there was a failure of communication (like in many such cases), things escalated for a bit after that but, in the end, I see that Spez recognised that he had understood things in an incorrect manner. That is I see no deliberate "lying" coming from the reddit CEO.