Investors want to get paid for the last 15 years of waiting… and they want as big of a paycheck as possible and nothing matters but that. All the free labor mods did? I’m sure the board and investors all agreed that moderator labor can’t legally demand anything, meaning they don’t matter.
So, I expect Reddit, one of the best forums on the internet, will deteriorate after all the trust gets squeezed out via increasingly intrusive ads shutting down of the (old.) subdomain, an increase in user profiling and user acquisition.
Sad but it was good while it lasted
Reddit has been privately owned since 2006: https://www.crunchbase.com/acquisition/condenast-acquires-re...
And it's been a shitshow since they pulled their free speech bait & switch in 2015, so good riddance.
After that, the activist investors which will certainly look for more margins will demand reddit reduce services and increase revenue irrespective of what that does to the services, so long as the relative cost/benefit is beneficial to quarterly returns.