replace them with something that doesn’t rely on centralization with lots of capital to stay afloat

That's what's silly about the whole thing, there's absolutely no conceivable reason that reddit shouldn't be profitable right now with the market saturation they have... unless the majority of people currently making money off of it have been greedy assholes up until now trying to get their piece of the easy money pie. 99% of the work is done by "unpaid" (by reddit) mods yet somehow they still have 2k people on the payroll, it's hard to imagine most of their current expenses are going to anything but dumb tech company money sinks that are going out of style fast lol