I think the content is good. The art feels a little rough, not sure if it is a style or not. If the original author is new at this stuff, this is pretty good. Everyone has to start somewhere.
I think the options were this or the mod gets removed and "normal" operations resumes.So I prefer this.
The ad revenue boost is going to be temporary, obviously. A. Subreddit that just posts vacuum cleaner pictures is not going to maintain people's interest.
Any investors with two brain cells to rub together would see that Reddit is not in a healthy state with subreddits doing these things. So if they are looking to sell, this will do a lot of damage.