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No chance that PR companies aren't paying mods to promote/protect/remove certain content?
100% chance it happens. Those scandals happen all the time. The thing is, the money being spent is modest because the effect is modest. You're generally talking about mid-level Facebook advertisers with like $5k buys, $10k buys. If you're at all good at computer it's a shitty way to make a living because moderating on Reddit is fucking awful. You're doing it because of the somatic fame/power/dickhead hit not because of any financial influence.