Probably not a popular opinion around here, but this is actually one of the rare cases where he is (was) extremely talented at his main thing (producing). That doesn't mean he deserves that disproportionate amount of wealth, but he's contributed more to culture than elon ever could.
I personally think that Lemmy isn't popular enough yet to justify doing that but I do understand their decision.
I often feel the same way but that also means there's likely another community of the same name on another instance that would be happy to have the content. It all balances out.
Public modlog is nice and seems to be a good selling point to people.