Reddit’s golden geese foul up its IPO plans

Kindred87@kbin.social to Reddit Migration@kbin.social – 162 points –
Breakingviews - Reddit’s golden geese foul up its IPO plans
reuters.com

Thousands of moderators overseeing the site’s subreddits are on strike. It’s a wrinkle in Reddit’s plan to go public, and a sign that plan is premature, columnist Anita Ramaswamy writes.

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One option would be to pay mods, or [...] reward them in other ways.

Maybe let them use the apps they want to use? Like we had before?

People with this sort of business mindset fail to see that not all mods do it for monetary benefit or rewards. Some people just want to build and be part of a genuine community that shares their interests, and that is all the motivation and reward they need.