Agreed, but I would argue that Reddit the company creates much less value than their users. Reddit is a utility, inflated to Big Tech status by cheap fiat money. Any company can run a bunch of servers and spin up a simple UI. Yes, they have strong network effects but I question how insurmountable that is. They need to respect the users who create most of the value.

SN solves this problem by paying users for participation. If they want to sell API access that brings in more funds, some of which are shared with users, well that's better for me.