I await the day a sheriff shows up at one of their offices to confiscate some property to settle debts.

100% agreed. Pulling out my fake crystal ball, I predict “Click-baitification” ™ with an emphasis on quantity over quality to keep engagement numbers up for the IPO, while the comments will devolve into only low effort memes

While I would expect the larger ones to see admin takeovers, I wonder how easy it will be recruit capable mods to police those large subs…