I don't think this is true. Reddit is a corporation. If they decide they want to replace the mods in any sub with new mods they can do just that. There is no pr

I don't think this is true. Reddit is a corporation. If they decide they want to replace the mods in any sub with new mods they can do just that. There is no property ownership in the reddit domain. They just avoid doing so, but they can, just like how they shut down subs they don't want to see around. They do have control of the platform. The reddit mods are unpaid de-facto employees as they perform work on behalf of the corporation. I also suspect that some of them are actual employees of reddit. Reddit does have access to capital, one of their owners is Tencent.