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.