Workers care about their jobs, and driving away customers isn’t the best way to ensure job security. Reddit is trying to IPO so that the investors can cash out. They might destroy Reddit in the process, but they don’t care because they got rich. If you’re an employee at an employee-owned company, then you would be more concerned about long term success.
I don’t think the problem is earning a profit, the problem is the need to earn even more profit than last year. Investors aren’t content to buy into a company like Reddit just to let it continue in a steady state. They want to double their money in a few years and then cash out. They don’t care if they destroy a valuable service that many people enjoy.
Mozart was a child prodigy. He started playing piano at age 4, and at age 5 he started composing piano pieces that are still played today. He wrote a symphony at age 8 and an opera at 14. There is a legend that as a child, he heard a choir sing an Allegri piece and went home and transcribed the entire thing from memory.