It's only a bad idea if you think you could win concessions with an indefinite strike.

Reddit might get a bunch of subs back tomorrow, but the admin were always going to reopen the good names via reddit request anyway.

And the mods and users aren't likely to go back to happily posting and working for free on a platform that's turned. Communities will be planning organized migrations, and a lot of people here who came because of the strike will discover they like it better here actually.