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this post was submitted on 23 Jul 2023
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These people are moderators. They do not "run" the company. They moderate a subreddit.
Yes, they maintain communities that make Reddit actually viable and "worth" something in the first place.
Yes, those people put in a lot of time and effort that, in a just world, they would be compensated for.
No, we do not live in a just world.
No, Reddit is not legally obligated to compensate them.
Put all that together...and, well, given the nature of the initial "we're going to sell the shit of your data" move they pulled, what makes you think that they would have a change of heart?
If they "only" moderate a subreddit, and not running the company, they would hardly be able to "hijack the company", no?
All that would happen is that users move onto their own subreddits, as they used to do before. Reddit could just promote those branch communities. The moderators aren't exactly forcing the admins to do one thing or another.