Of all the different parties involved in "Reddit", Reddit Inc. actually brought very little value to the table. There isnt any good reason any a message board should have 2000 employees and be worth billions of $.
Do they seriously have 2k employees? I'd kill to know what all of their jobs are and what each of them does day to day. From what I've heard from mods and from what we've seen I can't imagine they were all doing much.
Reddit is like a museum, except they don’t pay for the art, and the staff (docents, security, etc) are all volunteers. Further, they don’t sell tickets, rather they charge people to run concessions and gift shops on the premises.
Without the art, nobody comes and the vendors all quit. Without the staff the art will get vandalized and stolen, visitors leave, and the vendors all quit.
Reddit owns a warehouse where volunteers built something valuable for them. Fighting with the volunteers is next level dumb.
What's more disgusting is the army of bots they used to slander their volunteers. Every subreddit I was actually active in was painfully obvious to see hundreds of accounts that never posted there suddenly showing up and being violently anti-moderator.