Once something of a lawless wilderness, Reddit has gone corporate over the past decade, reining in the fringe elements of its platform and issuing a ban on hate speech, all in the hopes of luring in big-money advertisers.
As Reddit goes public, it's clear that mods are both the company's foremost asset and liability. And given that Reddit has incentivized those very mods to buy into the IPO, can the company deliver value for its most vulnerable and temperamental shareholders?
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