At the end of the day, Reddit is just a message board. The absolute hubris to think that one could seriously go public with a message board website... It's baffling.
Honestly, Reddit missed the ship to IPO. They should have done it a decade ago if at all.
Without mods, Reddit will become overrun with bots, rendering the precious data Reddit so desparately tries to monetize practically useless.
This is embarrassing.
What a weak revenue stream. Imagine being a business, investing in a subreddit, only for the subreddit to be inundated by bots.
Reddit is going the way of Twitter and it's astounding to watch.