To be fair, there is a difference between a for-profit company that everyone thinks is a utility, and a public utility.
However, they’ve shot themselves in the foot. For generating more ad revenue here IMO. The sort of ill-will they’re creating will probably drive away the top-posters and moderators that make the site worth visiting.
Is ad space on a site that’s contracted by 1% of its users going to tank in value? No probably not. But is the 99% going to stick around when the content they came for is missing or not moderated? Ehhh…
https://en.m.wikipedia.org/wiki/1%25_rule