Mods are paid in power and the ability to push their opinions.
A not-insignificant number of them are paid in wages and the ability to push the opinions of their employers. Can’t find it, but there was some well-researched accounts of several of the bigger subs being moderated by think tank / party owned accounts, based on IP-tracking and associated account activity.
Most famously, there was the takeover of the /r/Libertarian server by right-wing agitators back in 2018.
That’s not even getting into the direct (and indirect) advertising that site admins manage on behalf of the company itself, which is functionally a form of moderation.
Most big subs have some kind of professional staff at this point, if for no other reason than inattentive or rebellious moderators have been purged by Reddit admin. You’re not going to find some weekend warrior at the top of /r/pics or /r/news or /r/politics.
I was a mod of a decent sized sub until an admin came in and…somehow…convinced the top mod to make the admin top mod. Left a bad taste in my mouth for sure.
what is that supposed to mean? when the api charges were announced, multiple subs went private and were resurrected against the mods’ free will. other mods were instituted. whether any of those made any money, i don’t know. keep in mind that i was not one of those mods and thus cannot verify that information, it is just what was posted on reddit multiple times. trying to deescalate and moderate a sub is a good thing and we should be grateful to those who actively do, but holding it against them that they do not take any money for that neither makes sense nor does anyone benefit from it.
I was just saying they do it for non monetary reasons, and if there is a continuous supply of people willing to do it for free, they really shouldnt pay.
Yea idk why you have downvotes you’re literally just describing capitalism. Has no one seen others volunteering for positions when other people get paid to do the same thing?
Senior management people making 200k a year for all the work have to be the most cucked people on the planet. It is pathetic that we let every org get taken over by people less useful than a sponge, and we pay them hundreds of millions for the privelege. Even so called mutuals and co-operatives which are in theory owned by their own members still succumb to this embarassing plague. I don’t know who among these losers first decides on behalf of everyone else we need to get a daddy dom and become pay pigs.
The disconnection between the crowd-sourced content (original stuff and commercial articles) and Reddit’s heavy handed dismissal of users always felt weird.
The fact that they (with user help) aggregated OTHER BUSINESS’ content without recompense was a mystery. Like, you didn’t even need to go to the other site to read it.
The mods might actually spend money to run bots and other moderation tools on their own servers. Might even pay reddit for api usage too for using those tools.
Why would anyone buy shares in a company that is not profitable, nor may never be profitable. Even they wrote that in the IPO. What would a buyer of shares be buying a share of?
Well, you get the shares “cheap” because it’s not profitable and hope that they turn profitable, e.g. by selling user data, or paywalling everything like Twitter. The mods make $0. For them, it’s probably more like: Why are the mods only paying us $0? How can we maximize that?
Maybe in 2022. 2023 had 25% of the VC deal volume that 2022 did and 2024 ain’t looking any better.
The age of cheap capital has finished. Unless you’re already healthy or can demonstrate a reasonable path to profitability, later-stage VC is actually really hard to find right now. Angel capital still abounds for people with good track record.
But it’s a tough environment for Reddit to do an IPO in and they probably know it. But they have no other option - they can’t continue into series H, J, Z. Those days are gone.
Reddit already naturally lashes out at anything that threatens white male hegemony Twitter he actually had to rip down a bunch of guardrails to get it to the shitshow it is now.
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