Basically, the new CEO is making it so that reddit's user numbers will see a nice increase as anybody who wants to visit coontown--whether to document it for a professional or personal reason, to see it just to confirm its terribleness, or to participate in it--will have to make an account.

The new CEO is also saying that reddit will be subsidizing coontown since he claims they won't be making revenue off of it. So they are willing to host racist content for free, with no ads whatsoever on that sub.

Of course, it's bullshit to claim they won't make any revenue off of it. The accounts created to see it will make their user numbers look better to advertisers and potential buyers. The accounts created to see it very likely won't stay "contained" in that single sub, so those users will help reddit generate revenue elsewhere on the site, likely by submitting racist content to other subs like TIL or gilding people.

This is the shit that redditors should've been angry about for days at a time, plastering memes and shit all over the front page while blacking out their subreddits.

Instead, nothing is going to happen and the worst of reddit get to rejoice in their newfound freedom.