When old.reddit.com goes, that's the last time I use reddit at all.
And many subreddits have said they’ll be private indefinitely, not just 2 days.
How did you determine this?
It's a private, for-profit company in a capitalist society. It's gonna have to do some unpopular things sometimes. What raises questions about leadership isn't so much that they're doing these unpopular things, but that they're doing so very poorly.
Good PR and good community management is critical to a social media business, especially when said business is 100% reliant on an absolutely gargantuan amount of volunteer labor. Reddit's leadership has demonstrated not only a lack of ability here, but practically an impressive anti-ability on this front.
See here: https://www.reddit.com/coins/