I think this was definitely a case of the little guy not knowing how to navigate such a volatile situation. Some people might even find it pretty unprofessional to joke about reddit buying him out for half-priced at $10mil during an important discussion. Which, btw, would have shutdown the app also, except with a large windfall. How much of that was actually a joke vs testing the waters?
[1] https://www.reddit.com/r/apolloapp/comments/144f6xm/apollo_w...