I understand Reddit, to be honest. If I were management I would kick them as moderators and them open these stupid subreddits. I mean this is a private business? Am I alone?

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it's a private business that uses unpaid mods to do most of its work, and user submissions to generate its value. so ignoring those users and mods when they roundly reject an obvious cash grab, that breaks mod tools and makes the user experience significantly worse, is pretty tone-deaf to say the least

Reddit mods acting like they are the owner of the platform, many are toxic and tyranny , was good situation to remind them who are they actually.