The guy has a mandate, as Reddit has owners. He is getting all the hate, though, so what might happen in the end is that he gets replaced by a new face when the crisis is over, and Reddit continues with its monetisation plan. It's Reddit's model which is the problem. Maybe I am wrong but time will tell...

It is a pity but it is also the result of a selection process. Those who do not care of what is going on will stay, simply because it is convenient or they are unable to see the long term consequences. Similar to what happened with Facebook back then, and the place is now mostly older people and bots.