this post was submitted on 09 Jul 2023
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The hard part is their business model assumes free moderation. Adding labor in any form will change the valuation because it’s based on future revenue. Now they have a lot of ‘splainin’ for investors and no one knows what the company is worth. If they have to pay for moderation it’s an entirely different business so I don’t see them suddenly cutting checks for the good mods who remained.
Looks like they underestimated the way the backlash would manifest and now have to hold their nose and wait for the subs to re-build momentum naturally.
Oh, totally. I'm just saying that if all they want is to pump up the valuation to cash out, throw a small bunch of interns on mod jobs for a few months. They could make some statement that the "core" Reddit communities will have in house moderation assisting the volunteer mods, investors happy, value up.