I don't see how this works in the long run, if they have to put paid corporate drones in charge of moderation. Wasn't the entire point of Reddit that they don't have to pay moderators?
This kind of strategy is lose / lose. If spez want an IPO, well this kind of crap is tanking that IPO.
I’m willing to debate that. I still think majority of the people who provide actual information, memes and helps are gone to other platforms (such as Lemmy).
Most of Reddit’s stuff are quite much just reposts of old stuff. Only ones that have newer content are the niche* subreddits or the very specific subreddits to one thing.