While I agree deleting the subreddit is excessive, I think you're downplaying it. Reddit has increasingly censored more and more content that the admins disagreed with (rightly or wrongly). Now they've taken it a step further and started to modify content they disagree with. If this was early on in reddit's history and they made the modifications as a joke then it wouldn't be a big deal, but the CEO modifying posts seen by probably 10s of thousands of people (that subreddit has 300k very active subscribers) is a huge slip down the slippery slope. I mean, think what your reaction would be if I misquoted you at the top, and I'm just a random user quoting you, not an admin actually changing what you said.
While I agree deleting the subreddit is excessive, I think you're downplaying it. Reddit has increasingly censored more and more content that the admins disagreed with (rightly or wrongly). Now they've taken it a step further and started to modify content they disagree with. If this was early on in reddit's history and they made the modifications as a joke then it wouldn't be a big deal, but the CEO modifying posts seen by probably 10s of thousands of people (that subreddit has 300k very active subscribers) is a huge slip down the slippery slope. I mean, think what your reaction would be if I misquoted you at the top, and I'm just a random user quoting you, not an admin actually changing what you said.