this post was submitted on 16 Jun 2023
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Reddit

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Main points: He plans to make moderators popularly elected to more easily vote them out.

Hopes the next frontier will be subreddits as businesses.

He does not want Reddit employees to take on the work. Moderator hours were valued at 3.2 million last year, 3% of reddit’s revenue.

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[–] can@sh.itjust.works 0 points 2 years ago (1 children)

Huffman has said Reddit is not profitable and in Thursday’s interview he said that Reddit’s annual revenue is less than $1 billion. Meta, owner of Instagram and Facebook reported revenue last year of $116.6 billion.

Ouch

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[–] HocEnimVeni@lemmy.world 0 points 2 years ago (2 children)

So everyone who left wouldn't vote and everyone who stayed can end the blackout

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[–] Richie@lemmy.world 0 points 2 years ago (5 children)

The bigger, sadder problem is that it would actually work. There's never been a more divided time in the world than now. You'd think everyone would see how disgraceful Reddit's actions have been and want nothing to do with the platform anymore, but realistically not everyone cares. It's already happening where you can simply tell mods that they aren't being paid for their time and instead of them thinking logically, they go ahead and ban you to silence you.

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