If you were a company, you might think twice before advertising on a site that has their users actively, publicly, and loudly trashing on the CEO.

Isn't this just wishful thinking? Let's be 100% real for a moment, those people posting fuck spez on r/place aren't doing it because they're moving or have moved to an alternative, they're doing it because they are addicted to Reddit and can't stop using it. The true protest is moving to an alternative like Lemmy.

If I'm an advertiser, all I see is a very captive audience. This isn't like the Twitter situation, where your ads will be shown to increasingly objectionable content. In fact, with all the users begrudgingly downloading the official Reddit app, the value of advertising on Reddit may be going up not down.

That being said, Reddit has never been a good place for advertising outside of a few niches, and that hasn't changed, so in the long run Reddit most likely won't survive. But in the short run, I don't think this is the victory lap.