No, no, no, no, no. This is one of those Section 230 myths that somehow keeps circulating. It does not matter if moderators are paid or volunteer. Section 230 says nothing about this. AOL won all those lawsuits -- Zeran v AOL (1997), Blumenthal v. Drudge (1998), Doe v AOL (2001), Green V. AOL (2003).
Now, reddit may SAY that this is the case as an excuse, but it isn't the truth.
Now, reddit may SAY that this is the case as an excuse, but it isn't the truth.