Liability waiver are not the end all, be all of legal action. If the company was negligent that is not going to be covered in the waiver. There are also other caveats that may be relevant to if the waiver is valid and enforceable. I’d be curious about which jusisdiction’s laws apply.
If the blackout does not continue I think spez will think he’s won. But I think the real pain will be when third party apps shut down. There will be a loss of users, but that won’t hurt too much. If moderators don’t want to use the official app or desktop site to moderate or decide to leave entirely then reddit could get out of hand. Just look at Twitter - with a relaxing of moderation there has been more trolls, spam, and hate. That type of change may lead to losing the more mainstream, casual user.
He was conning himself too. He was too excited to be doing something that he didn’t care to listen to warnings or heed regulations. He wanted to be a trailblazer, but his eyes were bigger than his plate, if you will.