Reddit will not back down, and the fact remains the mods or any user does not own any sub they create or mod. It belongs to Reddit. If people care, they will need to stop using reddit full stop. But I doubt that will happen.
The guy in the phone call mentioned the $10 million, and then paused, and then said it was a joke. Was it? From his description, and then actually hearing the call, I expected a different exchange. I came to the conclusion that he was asking for 10 million to go away. Just my personal opinion. I use Apollo and love it, i am no fan of Reddit, but my gut says he wanted the money, and I don't blame him. But I can see why Reddit will not back down.