Reddit moderators thought they were caretakers of a community and Spez reminded them they are overseers of a content farm for advertising revenue.

https://www.theverge.com/2023/6/29/23778997/reddit-remove-mods-private-communities-unless-reopen

Reddit is going to remove mods of private communities unless they reopen

Reddit has informed moderators of communities that are still private in protest that they will lose their mod status by the end of the week. Thousands of communities went dark earlier this month to push back on the company’s planned API pricing changes.

The Verge
@carnage4life yes this is ending well. maybe asking volunteers to destroy their communities for someone else's profits may not be the best approach
@carnage4life Yep. One of the subreddits I frequented just had its mods stripped, and the new one is a bootlicker who posts anti-trans stuff. I shall be wiping all my content tomorrow and deleting my account.
@carnage4life @tiotasram I don’t miss Twitter, and I won’t miss Reddit either. Apollo made Reddit useful and fun. C’est la vie. Hubris. 🤷‍♀️
@carnage4life i suggest everyone just abandon ship. Mods and users alike.
@carnage4life Enshittification in full swing, gotta please the shareholders/IPO gods.
@carnage4life just because Spez sucks let's not rewrite history; reddit mods thought they were modern gods.