Dude, the fucker has no clue how to RUN reddit much less monetize it.
He's the only clown running the entire circus. He's allowed the inmates run the asylum for years, he's allowed small-dicked neckbeard mods with too much time on their hands to power. He's been pushing out anybody that has a brain. He's made a killing on exploiting the vulnerable (if you're someone with mental issues, the last place you want to be is on Reddit with how much they don't give a shit about privacy on there. Please go elsewhere for your sake.).
He's scrubbed the existence of Aaron Swartz, he's made the other co-founder irrelevant. No, this is Spez just being a power-hungry fuckwad and it's showing.