Reddit risks losing its identity in pursuit of profits

L4sBot@lemmy.worldmod to Technology@lemmy.world – 1083 points –
Reddit risks losing its identity in pursuit of profits
techzine.eu

Reddit isn't profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform's API

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Is that 2,000 paid employees or does that include moderators?

Of course it doesn't include moderators. Moderators are users.

Also, there are way more than 2000, especially once you call all the very tiny subs that technically have moderators. But even if not, Reddit's biggest treasure are all the niche subs.

Reddit would implode instantly with only 2K moderators. According to this Reddit post, six years ago there were almost 75K moderators working in subreddits with more than 500 subscribers (i.e. this number only includes moderators who actually have to do some work because their subs are decently active). That number is certain to have grown since then.

The "anti evil operations" team is technically paid moderators, but have no idea how big they are.