Most of the content is also modded by a small subset of mods—literally dozens. You've got maybe a hundred mods who are "power mods" that control the vast majority of large subreddits, and these are the ones "protesting". They don't own the subreddits. They have no rights to them, but they like to pretend that they do. Their moderation has, in many ways, become oppressive to the userbase. You don't hear about it because—surprise—they ban those people.
Honestly, the mod structure on reddit needs to change. This protest will almost 100% backfire. If it actually impacts revenue the admins will just ban a few dozen mods and the protest will, effectively, be over. Users will probably be better off for it too.
The oppressive moderation that happens on reddit is not necessary. The very nature of the site is self moderating. Let people post what they want and vote on it.
Honestly, the mod structure on reddit needs to change. This protest will almost 100% backfire. If it actually impacts revenue the admins will just ban a few dozen mods and the protest will, effectively, be over. Users will probably be better off for it too.
The oppressive moderation that happens on reddit is not necessary. The very nature of the site is self moderating. Let people post what they want and vote on it.