I second this. There are few reliable[1] online sources for what now passes as social history, and Reddit is one of them. Destroying that history just to hurt a company seems antithetical to what the WWW is.

We should be preserving its content instead.

[1] Maybe "reliable" is a strong word, but it's slowly becoming all we have. Search engines are dissolving into meaningless key-word-driven ad machines (even you ddg), Stackoverflow is getting subsumed by bots, etc. Finding truth on the web is going to be more and more difficult and draining Reddit won't help.