Long overdue. I sort of get these online social media companies skimping on moderation while they are growing and don't have cash. Facebook is rolling in cash

Long overdue. I sort of get these online social media companies skimping on moderation while they are growing and don't have cash. Facebook is rolling in cash and this has clearly hurt their brand. Hiring moderators to take out the worse of Facebook could help a lot to dealing with the utter bullshit that goes on. Reddit and Twitter have similar problems, they want to either farm out moderation to volunteer users (Reddit) or automate everything and only step in when the NY Times gets a hold of something (Twitter). Either way, their moderation leaves a lot to be desired. Reddit is particularly strange. I don't know how this could be true, but they claim that without the volunteer mods, they couldn't exist. Either they are lying or are just awful at running a business, neither would surprise me. Does anyone know if Reddit actually makes money? And if they do, how? Ads seem sparse and selling "gold" just doesn't seem like much.