dawg, you are reddit's product to advertisers and investors. Your existence in the comment sections especially. All they care about is the time you spend ON reddit looking AT reddit. They don't care what content you "create" (Creation being kind of spurious on reddit considering most people don't make or create what they posted) so long as it isn't illegal and it makes people talk ON reddit.
Thinking that thought further, you are spend time staring AT reddit for the content, so it's all the same in the end, it's just a matter of what aspect you're trying to emphasize. No content, no ads.
I know that and so does Reddit - that's probably why they didn't make any more changes with Pao. However, 1.) inferring that Reddit cares what the content is, so long as it attracts people and isn't illegal enough to get them put in jail is being way too generous, and to infer that they need to care about the "creators" of that content any more than their content is being altogether charitable. 2.) referring to the reddit "community" is more correct than "Content creators". Most posters on reddit aren't submitting their own work, or even primary derivatives of other people's work. I would even go so far as to say that the vast majority could not even be referred to as a "Transformative Work". that doesn't even go into the fact that Most of reddit doesn't post content, just comments. Calling the reddit community content creators is a similar level of generous to the kind that infers that reddit cares about you.