Are we allowed to ask how/if they're making money?
Unfortunately the overall quality of content on reddit has really gone downhill. Even after unsubscribing to the subreddits that were the worst offenders, it's really hard to find interesting stuff with meaningful discussions. These days I'm almost embarrassed to tell people I use reddit.
It all depends on where you go, and I strongly disagree that finding those places is difficult.
this comment may be misplaced, but i've finally entered rant mode after reading the 5th or so comment saying "reddit is popular hence degrades" and misses (or stops short of) the point that all communities degrade with increase of their popularity - every now and then somebody writes that hacker news is not what it used to be.
Of course, it'd be tough to gain traction with users who believe their karma score matters. Better to hide it from them completely and indicate scores in another way.
I'm also in the "embarrassed mentioning Reddit" camp, but I do like AskScience and anything like that.
That being said, making an account is suprisingly easy and has its benefits.
Groupthink on an epic scale, linkbait headlines, and hordes
of people that want to feel angry about things so they can
at least feel something. (Just like old media!) Now, there
is some good content on there, but there's way too much
crap to wade through in order to find it.
There is still a lot of value in the smaller subreddits, and that's really Reddit's saving grace. As a whole, however, the site is pretty cringe-worthy.
There's also something to be learnt about this on HN. :)
I think reddit as more of a platform than a community at this point aside from the hivemind and reddit memes going on there. I'm sure it's still an interesting place to create your own subreddit, if you have the time to moderate it (although you can't IP nor e-mail ban people from it).
They still could've deleted just the CP and restored the mods, but considering they had already moved to r/teen_girls, that probably wouldn't make much sense.