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

There's no conceivable reason that reddit shouldn't be profitable right now with the market saturation they have unless the majority of people who've been making money off of the site up until now have been minimal effort contributors trying to get their piece of the money pie. 99% of the work is done by "unpaid" (by reddit) mods yet somehow they still have 2k people on the payroll and still need to centralize more and more capital to cover the overhead, it's easy to imagine most of their current expenses are going to dumb corporate tech money sinks that are going out of style fast and have little to show for the last decade of spending lol