Earlier quoted context omitted.
Any idea what reddit's valuation is currently looking like? I have long been surprised they havent been acquired .. I assume for sure they have had plenty of offerss in the past
They have filed for an IPO last month with the SEC so they should go public very soon. Last valuation was at 10b$ which is ridiculous for a website that can literally get its most popular subreddits shutdown arbitrarily whenever a small group of extremely online volunteer mods decide to "go on strike" by locking the subs because they don't like something/someone else on the website. It happened before and the admins…
I have a story about this - and its worse than just mods -- Admins intervene and set narrative on for whom is allowed to mod and make mod decisions...
I wont reveal the details - but I have seen Admins literally come in and fuck up Mod orders because (my suspicion) is that the Admins have MANY accounts that /appear/ as mods - but are actually Admin shill accounts...
I had this happen to me first hand and I was appalled.
Reddit's ethics are absolute garbage in this regard.