I was an active reddit moderator from the ages of 13 to 17... Once I got a job I didn't have time to waste on it anymore. I wouldn't be surprised if a majority of moderators on reddit are minors.
The weirdest thing about reddit is that you have this anonymous group of all powerful moderators who seem to spend their time overriding the site's most known feature: karma.
I'm not arguing in favor of groupthink, but it seems like the upvote/downvote system is almost never used to guide the direction a community goes in because people seem to have a proprietary-like interest in keeping it the "same" before it got "popular."
r/HailCorporate sometimes goes overboard with their paranoia, but they also have clear evidence of how much reddit is gamed by users such as u/gallowboob
If an art sub-reddit, with limited commercial or political manipulation value is moderated so badly, you have to wonder what happens on subreddits that might actually be able to influence politics or commerce and that smart people with resources are trying to wield to their own benefit.