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That is the system we live in. Grow or die. I also curse u/spez. But I also think, if I were at his place (build a platform, sold it and now has to run it depending on investors): could I be better? Probably not tbh.
Saying it's just greed is not enough. You just cannot exists in this system without being greedy, you'll decline and fade away (either as a CEO or as a platform).
(If I would want to continue to run the platform, I'd probably just take the money and do something else.)
It's public trading, it's financial slavery, you're forced to grow your profits and cut costs more year after year and that's totally unsustainable in the long run, they should change the parameters used to value companies but that's not going to happen in the world we live in.
I hate what's happening on reddit as much as everyone else but it's very understandable from a business point of view, they're going public later this year, their only purpose right now is to please investors, everything else doesn't matter.
Anyone in spez's shoes would indeed do the same tho most probably in a smarter way (I don't think he's very smart, judging by what he did and said so far).