TL;DR: A leaked Reddit admin policy change will reportedly limit accounts to moderating only one large subreddit (1M+ weekly viewers) and up to five medium-sized subreddits (100k+ weekly viewers). This is seen as a response to past subreddit blackouts over API changes, with some moderators allegedly planning to circumvent the restrictions. Here are some screenshots if you don’t want to view the cancerous link:
Honestly. too little too late and for the wrong reasons. They should have done this 6-8 years ago.
The same thing that happens when the US breaks up a monopoly presumably. They get shadow puppet accounts with which to mod from and we all get to pretend it’s progress.