I am predicting that before the company goes bankrupt, Reddit will remove downvotes in an effort to prevent users from expressing negative sentiment. This happened a few years ago on YouTube after YouTube Rewind became the world’s most disliked video, several years in a row. This was embarrassing for the company because it revealed the discontent of the userbase.
Since expressing discontent is bad for their reputation, and manually removing dislikes is a time consuming task, removing the downvote button altogether for the sake of “preventing bullying” is likely the next step for Reddit.
This is not exactly true.
It’s not that the votes don’t count, it’s that Reddit uses a particular technique where the karma you see is randomly modified every time to make it impossible to see if your vote has an effect.
The goal is to prevent bots from realizing when they have been shadow banned. It makes it easier to control automated vote manipulation since bots will just make a new account if they realize they’re banned.