I thought not. It’s not a story /u/spez would tell you. It’s a IPO legend.

Reddit was a large platform on the Internet, so powerful and so wise, it could use the platform to influence its users to create…value. It had such a moderation force from all sides that it could even keep the subreddits it cared about from dying.

The volunteer side of moderation is a pathway to many abilities some consider to be unethical.

It became so valuable, the only thing it was afraid of was losing its value at IPO, which eventually of course it did. Unfortunately, it jacked up API pricing to squeeze out third party apps, then the protesting moderators put the subreddits to sleep.

Ironic. It can save others from Internet death, but not itself.