[ARandumGuy]

The problem from Reddit's perspective is that moderators hold a huge amount of power, and Reddit has very little leverage over these users.

Reddit is heavily reliant on moderators for basic functionality of the site. Reddit just doesn't have the staff to take over moderating even the top 100 subreddits. This is far more power then any subset of users for any other social media site, and the mods are using this power to try and enact change.

It's unclear how this will proceed. In the long term, I suspect Reddit will try and reduce moderator power so that this sort of protest can't really happen again. But right now, it's a matter of which party blinks first.

[ASinclair]

If they weren't adversarial to the moderators they would seem them as their golden goose. They've done what other social media platforms haven't and solved scaling moderation without having to pay the moderators.