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For now, the modcoord subreddit functionally takes on the role of a union. I know that there have been times in the past when moderators were unhappy about the state of tools that Reddit provides for them to moderate. If I remember correctly there was also some kind of spontaneous organisation of moderators that adressed Reddit admins with their collective voice, although I am not sure if any "strike" kind of action was threatened back then.

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Unfortunately, until congress passes legislation requiring companies that operate as a place of public discourse to follow certain conventions this will keep happening because technically they own you (or rather they own the words that you say as data).

They have basically reached the monetization phase, where most smart users bail either just before or shortly after. You get the same dynamics with tyrants, only you have more risks and more options available to you in the real.

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