this post was submitted on 02 Jul 2023
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From the article, emphasis mine:
I think they're wrong. I don't think Reddit has the funds.
I think they were wrong on purpose, tbh. It's the kind of thing that would be embarrassing for Reddit to admit when they're going for an IPO.
Also, it's amazing how much money a large company can spend when it wants, even if its bank account is so far in the red it's upsetting bulls. Small companies, on the other hand, can't spend money they don't have. There's a lot wrong with this picture, but the net effect is that Reddit probably can hire full-time mods for r/IAmA if they want.