In their filing to go public, reddit disclosed their CEO's compensation was $193 million last year.
Their revenue was $804 million. It's not a huge amount for them. They'd just rather not pay it.
They made $804M after all expenses? Or before?
On the one hand, if they are incinerating millions of dollars every month, that's an argument that they could easily afford a few more - after all, they are getting cash from somewhere.
On the other hand, if they are losing money, in a certain sense they have not got even $1 to spare.
Or perhaps open an API to moderators, limited to the subreddits they moderate. I'd love love love to have been able to do more from Discord, but nope.
Those that moderate many subs need to give up some of that responsibility to others. It maybe would improve reddit again.
Bad mods are worse than bad users.