Poitou@lemmy.world to Mildly Infuriating@lemmy.worldEnglish · edit-22 years agoJuste received this love letter from reddit's adminslemmy.worldimagemessage-square213fedilinkarrow-up1283arrow-down19
arrow-up1274arrow-down1imageJuste received this love letter from reddit's adminslemmy.worldPoitou@lemmy.world to Mildly Infuriating@lemmy.worldEnglish · edit-22 years agomessage-square213fedilink
minus-squarePixlbabble@lemmy.worldlinkfedilinkEnglisharrow-up0·2 years agoAnd much like many social sites you are the product while mods do unpaid labor. If it’s volunteer work than why isn’t Reddit a ‘not for profit’ organization?
minus-squareandroidbear04@lemmy.worldlinkfedilinkEnglisharrow-up1·2 years agoProbably because they don’t meet IRS standards for nonprofit status: An organization may qualify for exemption from federal income tax under section 501©(3) if it is organized and operated exclusively for one or more of the following purposes. • Religious. • Charitable. • Scientific. • Testing for public safety. • Literary. • Educational. • Fostering national or international amateur sports competition (but only if none of its activities involve providing athletic facilities or equipment; however, see Amateur Athletic Organizations, later in this chapter). • The prevention of cruelty to children or animals.
And much like many social sites you are the product while mods do unpaid labor. If it’s volunteer work than why isn’t Reddit a ‘not for profit’ organization?
Probably because they don’t meet IRS standards for nonprofit status:
An organization may qualify for exemption from federal income tax under section 501©(3) if it is organized and operated exclusively for one or more of the following purposes. • Religious. • Charitable. • Scientific. • Testing for public safety. • Literary. • Educational. • Fostering national or international amateur sports competition (but only if none of its activities involve providing athletic facilities or equipment; however, see Amateur Athletic Organizations, later in this chapter). • The prevention of cruelty to children or animals.