Reddit was profitable until they hired thousands more employees for very little obvious gain.
Gotta grow fast to inflate the value to astronomical levels and then sell out. Who cares what happens after that point.
Only one person has said they run in the negatives and they’ve said it alongside a host of other lies, so please forgive the less trusting of us for not believing the serial liar.
This would not meaningfully impact profitability for Reddit, the payouts need not be “large” from Reddit’s perspective to be a substantial amount of money to individual moderators.