After rebranding, X took x from its original Twitter owner and offered him merch
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This strongly implies that there is no possible privately owned platform. The profit motive is too powerful to be resisted, and too vague to be enforced by any cultural norms.
"What are you gonna give me for it?"
"We can give you some merch with the name on it, to remind you that we took your name"
Literally how it went (slightly paraphrased to inject my opinion above):