Ownership of reddit/r/$name isn't a valuable quantity if the people who contribute react badly to replacing the people running the joint being replaced by management stooges. For a case study consider freenode and look how that turned out.
>Ownership of reddit/r/$name isn't a valuable quantity if the people who contribute react badly to replacing the people running the joint being replaced by management stooges.
The idea that Redditors had some sort of prior affection for moderators is laughable. At best this is just tribalism where a vocal minority of Redditors is so upset at spez that they're opportunistically creating a narrative of heroic moderators being oppressed by evil admins that's reminiscent of an inverted Ayn Rand story.