Steve Huffman, the Reddit CEO, told NBC News in an interview that a user protest on the site this week is led by a minority of moderators and doesn’t have wide support.
The title is from this video, although that one is very short.
I'm glad I've given up on Reddit after the blackout, this proposal to vote out moderators will only encourage raiding, as only the people who pay attention to the votes will decide who stays on. And let's not forget that one of the cornerstones if Reddit has always been that you can make your own sub.
I see he also mentions revenue sharing and running subreddits as a business.
Users being paid for the content they create sounds nice conceptually, but I would fully expect whatever implementation Reddit comes up with to be a disaster. Once money is involved on large platforms you see every crypto / nft / hustle-culture bro in a twenty mile radius show up trying to make a quick buck off of their latest scam, and a general appeal to whatever is the lowest common denominator that can be easily pumped out.
I'm fully expecting that to either be a disaster, or more likely to not even happen in the first place given that a lot of CEO interview talk is hot air.
Monetization is cool until one remembers this is never a meritocracy and the money will go to the people with the best business plan, not the best content