Reddit's response about the actions they took against the subreddits (note: r/mildly interesting DID NOT encourage nsfw content and their suspensions and removal have been revoked by a diff admin)
minnieo@kbin.social to 
Reddit Migration@kbin.social – 238 points – 
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Well, whether Reddit likes it or not, mods were a department of specialists working on some unique aspects of their business.
That whole department got told to get bent, in essence fired, but they don't even have contracts in place preventing "disgruntled employee" stuff.
This is what happens.
Mods are the QC on the free product made by volunteers.
They were actually told to get bent but not fired, which is even funnier. Imagine insulting and belittling a key department in your company but letting them continue to run things.
Hey! Some of us come here to get away from work!!
I am starting to realize it's not "work" I want to get away from, it's Wall Street.
I mean it's not my boss or their bosses who are saying that my work won't help cancer patients unless they pay a 100 bucks for something I can make for 3 bucks, it's the Wall Street investors who bought the company.
And it's not the corporate hierarchy at Reddit that tells me that they need to blast ads in my face and make me argue with bots, it's the Wall Street investor valuing its IPO.
This is a great depiction of the reality, and I AM copying this comment to use it in the future.