He plans to make moderators popularly elected to more easily vote them out.

I totally second this idea. The last time we tried to get the internet to seriously decide on something we got Boaty McBoatface.

Hopes the next frontier will be subreddits as businesses.

Even better. All posts in these subs can be advertisements, perfect.

He does not want Reddit employees to take on the work. Moderator hours were valued at 3.2 million last year, 3% of reddit’s revenue.

Yeah, don’t even spend 3% of revenues as a cost of doing business. The soon-to-be-community-elected mods will do it for free. Super.