That wasn't the case back then, there was a very strong "if it's legal, it's allowed" sentiment on reddit. It was only after it started getting attention in mainstream media that it was banned.
Yes, exactly, that sentiment isn’t mainstream. It goes against dominant social values and norms.
The dominant view in society is stuff like ”jailbait” shouldn’t be tolerated. The reason it’s not outright illegal is in a non-prurient context a yearbook photo may just be a photo. It’s when you post it to a forum for gutter creeps that the qualitative nature changes.