Yo, I was mired in modding for several years. It felt good to maintain that space, and I helped create the best community for one of the most popular mobile games. It wasn’t the general community, it was the analysis/strategy focused sub, so we had very tight moderation policies. That made a lot of people mad, both those that wanted to post more general content, and those that wanted to rage about the game/developer. The work is constant and nearly thankless, not to mention unpaid.
Your point of not doing volunteer work for a publicly traded company is an excellent one. I definitely felt pride in doing that kind of community service for a public space. Now that Reddit is profit-driven and answering to shareholders, it’s asinine to do that work for free.