More substantially, if all AMA teams really are going to be running the show without official reddit support, this cuts in a couple of ways. It shows a maintained lack of faith in reddit from the moderators, and it also is going to make the logistics of AMAs more difficult. The AMAs are unique content which is a substantial draw of new users, where a ton of the work was already done by volunteers. The logistical strain is going to make for less or worse content, pick your poison. High profile guests, especially those not technically savvy, are less likely to participate without admin support being available.
Strategically, reddit almost certainly wants to be involved in this -- they want to be tightly coupled, enough that the group can't spin off their own version.
I don't think this damage is irreparable, but I do think it's going to take substantial work to fix. And I mean, don't take that from me, take it from them -- https://www.reddit.com/r/announcements/comments/3cbo4m/we_ap....
And yes, literally it is true that the CEO of whole foods could go on a huge racist rant and you could not have a meaningful opinion on their effectiveness as CEO. Or rather, what you want to say is "in this extreme example, this CEO is clearly ineffective", but we know of morally shitty CEOs who drive huge company growth & profits and are therefore effective CEOs.
Anyway, can you show your work that you were referring to behind your analysis of the magnitude of the damage that the recent reddit blackout did?