I agree with the OP that reddit is a dumpsterfire, but when you try to fit reasoning into everything, at some point you come up with something that fits, even though it is nothing but a coincidence.

I seriously doubt investors give two fucks about the content moderation itself

Don me a tinfoil hat, but I think it is absolutely within the realm of possible that half my networked electronics has a backdoor to one or another governmentsl agency. Or that my ”encrypted” WhatsApp conversations are available to US officials if need be.

Luckily I am as interesting as a slice of bread gone stale