Which is why /u/jailbaitlover I mean /u/spez is sending the message that they would gladly give total power to whatever mod crosses the picket line so they can boot the rest.
If Reddit had to replace all these mods it would be complete chaos and is not much better than the blackout. They will see the same exact problems Twitter has seen since they fired most of their content moderators.
Insiders typically don’t lose money even if a company tanks after ipo. The ipo is a set price and it’s pretty common for insiders/other shareholders to dump their bags at that price while people biying at the ipo get fucked.
People keeping an eye on recent events at Reddit might be reconsidering that set price…