Also, people are upset at how Reddit management, especially their CEO (Steve Huffman), has handled this transition. The potentially libelous comments regarding Christian Selig (Apollo developer) are just one of the many things people are upset about. The bungled communication and lack of transparency just continues to show that Reddit just wants to squeeze value out of the community without any genuine effort to make it better.
I can’t say for sure whether the boycott will work or not. But I definitely can say that there will be lasting consequences. This is a negative inflection point for Reddit as a community and as a community, especially if they forcibly remod communities that go dark.
The silver lining is that if Reddit does manage to squeeze an IPO out of this, we all have a new stock to short ;)