Did he really throw his entire mod team under the bus

His ego is fucking G I G A N T I C.
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He has hated his mod team for years. It was open secret he hated Social Studies Warriors politics.
TBH, and hot-taking my ass off on this one, but possibly the most economically viable thing he could do is try and re-position himself as a woke red-piller and just embrace the dark side with a fucking fury for as long as he can. Or at a minimum fling the doors open and let the trolls free flow back in and create a populated nexus of message board chaos.
Trump makes a killing off swindling his idiot followers with merchandise and over-priced foreign goods, there is certainly a viable short-term market opportunity to play into the hand that the alt-right conquered GAF, with pepe avatars, GAF drones too scared to leave, and ads for MAGA gear bannering the site while everyone laps up the fuckery for a few weeks. Swing the doors wide open and grab as much marketing money as he quickly can and let the thing burn.
Though realistically that would require Evilore to show a level of ego management, emotional, social, and business intelligence I think he has shown himself entirely incapable of.
At this point he can't sell the thing and getting it back to the good-ole-days is just unrealistic. So liquidate and grab what money you can and go kung fu in Europe again and invade exotic woman's shower spaces, or whatever the fuck that weirdo does.