I’m just spit-balling ideas here so bare with me:
Random thought on funding a new Social media platform… How about bundling the site with services that people might actually be willing to pay for like a VPN, Anonymous payment services, Encrypted End to End E-mail, Encrypted Communication App, Disposable Email addresses, Virtual Phone Numbers, etc.
Then anyone using paid services can have invites for free accounts that they can use to bring other people on to the social media portions of the platform. Also the invite model is unique whereas, everyone else is responsible for who they invite and you can keep track of that. Someone brings on a spammer or something and you can ban both. Might keep people more civil.
Everyone else here is right, funding this new platform is going to take a stream of money. And we’re not even talking about making the platform profitable, we’re mostly talking keeping the lights on.