Depending on volunteers is not sustainable, given the regulatory scrutiny that the company will now face, said Julian Klymochko, CEO of alternative investment solutions firm Accelerate Financial Technologies.
“It’s like relying on unpaid labor when the company has nearly a billion dollars in revenue,” he added. Reddit reported revenue of $804 million in 2023, according to an earlier filing.
Why? Did something happen to all the volunteer mods? I wonder what it could have been.
volunteer mods allow things like The Donald to exist.
Anyone can make a Lemmy instance with the equivalent. And some instances will defederate from it.
There already is gab on mastodon which is basically that. And yeah everyone sane defederates.
Lemmy has freedom of speech without the freedom of reach Reddit provides.