Depending on volunteers is not sustainable, given the regulatory scrutiny that the company will now face, said Julian Klymochko, CEO of alternative investment solutions firm Accelerate Financial Technologies.
“It’s like relying on unpaid labor when the company has nearly a billion dollars in revenue,” he added. Reddit reported revenue of $804 million in 2023, according to an earlier filing.
The take is more like “landed gentry” has too little oversight, they are too independent. They are too far removed from their “king” and dont want to follow his every whim. (If you equate the subreddits to valuable land they were bequeathed)