It's peek, not peak.
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I'm surprised there is strong support to the protest. But obviously there will always be people who lick boots.
I do agree they should replace the mods who do the strikes. The mods should've quit out of principle. They will go back to modding as usual soon if they haven't already to fill their need for the sensation of power. They're doing unpaid work for a for profit organization. I'd like all the mods to quit and for Reddit to have to pay for moderation or face the consequences. But I don't care about the third party apps at all. I'm just perplexed by mods letting themselves get exploited like that.
I think it's mostly a power trip like you said, or just a straight up passion project for those who want to have a community around their niche. As for the larger mainstream subs, yeah they're just doing unpaid labor.
Some reddit mods have turned their unpaid volunteer janitor gig on Reddit into a business without redditors realizing. For ex. Onlyfans was started by mods in NSFW subreddits who used reddit up votes to decide which models to recruit models who in turn would bring horny traffic over.