Earlier quoted context omitted.
> Or just find a way to cover operating costs and let Reddit be, you don't need to push it into a billion-user company, SV profiteering style. Sure, if you can find investors willing to sink capital into a non-profit-making venture to replace those who currently are invested in Reddit, and who would probably prefer liquidating their holdings at a loss to have something to put into a profit-making venture than to let…
You don't need capital if you're not expanding. Running costs include the wages for those working there. I think $150,000 or so per employee is more than enough + volunteers. Of course you would have to give up the dream of being a billionaire. Off the top of my head I can think of less than 10 people to have done that, and none of them did it after 2001.
You don't need additional capital beyond operational maintenance expenses if you aren't expanding, but you do need the existing capital, and that means that either (1) the existing investors need to have their standards for profitability met, or (2) someone else who is interested in operating the assets without those profit demands needs to be willing to purchase the existing capital from the current owners before they decide that their profit requirements won't be met and sell it to someone with a desire to use it for something other than its current insufficiently-profitable use.