Reddit is going public via the IPO route. Last year, the CEO got $193 million, but moderators are not paid and expected to work free past IPO. Only some moderators and active users in the USA can apply for Reddit's initial public offering to buy stock at a special price. Most Reddit users are motivated by fake karma points and likes. Also, they banned almost all unofficial Reddit mobile clients. Meanwhile, the CEO profits while everyone provides free labor.
Until last year, Reddit used to encourage many users to guilt-tripping them to buy their gold coins. Now we know who got paid with those gold coins. It was for the CEO's exorbitant salary. Lmao. I even brought some coins out of that guilt trip. I feel like a sucker . LOL.
You can't browse NSFW subreddits without logging into your account. On Reddit, users share their adult content for free, while the CEO and management team benefit from the platform. This is why federated social media is important. One corporation should not have too much power to dictate how and what we are allowed to view without an account.
I really hope Reddit burns down. The CEO is a real POS who refuses to pay wages to Reddit moderators while taking $193 million salary per year. Even past IPO Reddit is not going to pay any money to moderators.
