Cool, then I guess they can start their own Reddit soon. With hookers and blackjack.

I think, more realistically, perhaps those burned by this will reconsider contributing so much of their time to a for-profit company whose interests are wildly unaligned with theirs. Especially those who have been mods. In many cases, mods perform many hours per week of unpaid labor just out of passion for the community. This is seeming more and more like an unwise choice.

This seems like a really communist take, but it seems to me that if a site derives essentially all of its value from UGC and the work of moderators, it would be much more fair, if valuable contributors and mods had a significant ownership stake in the site. Perhaps a site will someday emerge with that model. Obviously, such a site would also need to actually BE at least mildly-profitable of course for that to make sense, which is not a trivial achievement.