Agreed. I deleted my 15 year account. Mods should just leave.
Reddit can’t exist without the free labor.
Other side is I don’t know what the mods that stick it out get. I’m guessing there is some monetary benefit to the bigger community mods I don’t know about.
They are driven by quarterly earnings. No company can be successful long term when focusing on maximum profit in the next three months. So they buy a company at the top and ride the money wave until they aren’t profitable, then sell the name or IP to another company, lather, rinse, repeat.
They did this with PCs, Storage, big data, Healthcare tech, etc etc. Now they are squeezing the last money juice out the cloud acquisitions because the market is saturated with viable competitors. They will do the same with AI and Quantum Computing in the future.
It is a viable strategy if you are big enough. Broadcom, and before them, Symantec are other examples.
Profit > Innovation