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Reddit Ramps Up Its Threats To Protesting Mods, As Ad Buyers Leave
(www.techdirt.com)
This is a most excellent place for technology news and articles.
Not just "not concerned", it was literally their formal position that mods owned the subs that they modded. You couldn't remove a mod for anything except breaking TOS or for being inactive. If the mod was active and not actively breaking TOS then reddits response has ALWAYS been "if you don't like the way the sub is being handled, make your own sub and let the free market sort out whether yours or theirs is better".
They held that position since the founding of reddit and it was as fundamental to the platform as the ability to create your own instance with your own rules is here on Lemmy. Right up until it was starting to get in the way of the CEOs big IPO payday.
And that is exactly why I am here now. I didn't care that much for the API protests at all. Thought they were pointless. But this behavior meant that they were violating the very thing the made reddit, reddit. If subs weren't spaces that anyone could use to try to carve out their own communities, then what is the point?
Furthermore, they aren't even violating the code of conduct they are using to do this, so clearly all of Reddit's promises are now worthless.