Now just imagine for a moment, the same company in the late 2000s taking a completely different path. Imagine they offered the moderators to become worker-owners and Reddit became a cooperative rather than investor owned.
Imagine how much better the world would have been, and weep for the timeline capitalism just extracted from everyone.
The updated share value suggests a $5.5 billion valuation for Reddit. […]
[…] currently grappling a revolt from moderators of some popular subreddits over API cost changes, was valued at $10 billion when the social media giant attracted funds in August 2021.
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