* Mods dont get paid - Facebook Groups has niche groups much bigger than niche subreddits. I subscribe to both FB and Reddit for the car models I own, the FB groups are 10x bigger with 20x posts. Those mods dont get paid either, and Facebook as a much bigger spam/fake account problem to work tirelessly to defend your group against
* No API / 3rd Party access - well, just try asking Meta for a free API to build an adless wrapper around the Facebook wall, good luck
But spez is the bad guy here and zuck is a saint. Or they're both bad guys but if you think that, then spez is on the right trajectory to easily have a $20b company in 5 years
People seem to be confusing - high potential for profits with building an adless platform that also has succesfully passed the network effect