Measuring the Monetary Value of Online Volunteer Work
https://perma.cc/JJG5-TJE9
Remember that Facebook, LinkedIn, Twitter, Gab, Telegram, Discord, russian socials and all social networks where a group of people can write or posts always require moderation, that get done for free. Facebook don't pay you, Telegram too, and all other are nothing better! So just considering Reddit is fully wrong. Considering the fact that moderation on Reddit still works a bit better than the shitty huge limited moderation on Discord, because Discord is simply an huge limited social network with all features (now a bit better). So yes, this happens on Reddit, but happens everywhere too.
Without now considering topics like that even big companies worked for free at the beginning (or better the real CEOs who founded that), there are tons other thing that get done for free until ... (but even "without until", just think about climate change projects!) is not that just Reddit moderators do that!!!!