[jsz0]

Seems like a very risky investment to me. Unsupervised non-employee mods have a tremendous amount of power over the day to day user facing operations. Why would anyone invest money in a site that could be quickly destroyed due to a fashionable political trend at anytime? For example if the mods band together and decide Jews can no longer use Reddit or something equally ridiculous the stock will plunge.

[pavel_lishin]

> if the mods band together

I think you're over-estimating how singular the mod community is. They can only impact their own subreddit, and even at worst, if the top ten subreddits did collude somehow - which is, fine, possible if not probable - that still leaves a wild long tail of Reddit content which is arguably a much better place to put ads than r/pics or r/amitheasshole.

I used to moderate three subreddits, one of them on a pretty serious basis. We couldn't even fucking get the mods of that community to "band together" on anything.

[criddell]

I wonder what percentage of mods will buy stock? I would think that if you are willing to give that much of your time and attention to Reddit, you would be interested in owning a piece of the company. The more mods own stock, the less chance of them deciding en masse to tank the stock.

[Aloha]

Thats in part why I subscribed to the IPO - also, its 800 dollars a small stake, enough that if I lose half of it, I wont care.

[dotinvoke]

If Reddit has stored historical mod actions, they could probably train an AI mod that mimics the behavior of the existing mods. Mods have much less leverage than they did 5 years ago.