Meta also does A LOT of data harvesting, which is what drives profits for them. Due to anonymity, Reddit could never really do the same. Meta, Instagram, and Whatsapp all serve as different routes of recurring revenue for Meta, they can park millions of users on each platform and sell the data collected to interested advertisers. Reddit could never really do the same, so they come up with the next best (worst) thing.
How is the take hypocritical? Having a roof over your head and money to spend on nice things isn't the same as having enough money to live 10 lives and never run out. You've drawn parallels that quite literally don't exist.