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> (e.g. weird for-profit entity that runs a "non-profit") propped up by its largest competitor to avoid anti-trust accusations.

Not totally unheard of. Sounds a bit like OpenAI for the most part.

> Its only real product has dwindling, barely mattering, marketshare (<5%)^

While competing with browsers bundled with operating systems. A bit of nuance.

Because OpenAI has such a great track record of never having anything nutty happen as a direct result of a bizarre governance structure.

> While competing with browsers bundled with operating systems. A bit of nuance.

Chrome too competes with browsers bundled with operating systems (Edge, Safari). It seems to be doing okay, even on desktop.

Chrome comes bundled with Android.

Of course but my point is that it is also successful on desktop where it competes with bundled browsers.