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.
Yup. Couple it with Reddit taunting the moderators to leave; [shitty] replacement mods (the free ones) for large subs are a dime a dozen, since it comes with bragging rights, but the smaller subs got specially harmed. (I wouldn’t be surprised if some are still private.) The paid mods will be the only ones enforcing rules in these subs.