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"true" and "false" are only part of the story when it comes to litigation. There's also "how much pain can you suffer while we attempt to argue 'true' vs. 'false.'" 4chan has a distinct advantage in this case because they've always been cash-poor and their value is arguably zero. There are no pockets to go after. Advance Publications, on the other hand, has $8b in revenue yearly. The question then becomes who wants it more - litigants taking a flyer to find Reddit's pain point or Reddit's parent counsel wanting to defend the actions of a subsidiary they've never really known what to do with or how to derive revenue from.