If I had to guess, I'd say they're trying to maximize their market cap. It's no secret that they're looking for a buyer and/or eyeing and IPO. The more profitable they can seem before that, the more money Huffman can walk away with.
It was a certain turtle, so it wasn't hard to figure out. And yeah, I'm on eight at this point. Even if I was interested in fighting the good fight again, with the way things are going over there, he'll be back in power in no time. I'm done with that nonsense; I'll go back to Fark if I have to.
I had 130K+ karma, and after my eighth "permaban," I decided to stop fighting it. I pissed off a couple of power mods, and they began abusing the report function. Calling them out by name got me "unbanned" every single time, but I'm done at this point.... Reddit is dying, and I don't care.
I've been informed numerous times by legal counsel that any legal threat which doesn't come via certified mail can be ignored. I am not a lawyer; this does not constitute legal advice in any way.
I've been "permabanned" from Reddit eight or so times, with all but the most recent one contested and reversed. Short story: I pissed off a certain turtle, and he made sure to report me for inciting violence every chance he got, which, best I can tell, is a preemptive ban regardless of post content. With this latest one, though, I'm done; I'm not even fighting it. I needed a good kick in the ass to get off of Reddit, and this is it.
I was just thinking this morning how much this platform reminds me of Usenet, at least in its cross-server "fediverse." I remember waiting days sometimes for different Usenet servers to sync up so I could get replies to shit I posted a week ago. The lag may not be as drastic with Mastodon/Lemmy/Kbin/whatever, but it's the same basic concept.
None of this, though, makes me nostalgic for the days of newsgroups. That shit was a hot mess, and I'm frankly glad it's effectively gone the way of gopher.