Like all of the other decentralized social media platforms that most people just don't care about? I'd argue that social media has become so polarized that, no matter their views, most people will want some sort of centralized body setting rules that act in their (the user's) interests.
>... and doesn't rely on advertising money.
People have widely adopted social media because they're not charged anything (aside from their privacy being invaded) to use it. How is such a platform staying online without charging users or using advertiser money?
> centralized body setting rules that act in their (the user's) interests.
Not sure it's possible. Only if you (or your friend) are the admin, you will like the rules.
> How is such a platform staying online without charging users or using advertiser money?
It's much more secure and reliable (long-term) to have a sustainable small server for friends than to rely on a huge anti-user for-profit company. One could also create a paid service. For example, I am using a paid email-provider.
I suggest that only some servers are paid. Others can be run by yourself or your friends. And they can federate. It definitely works with email, even though a large part of the network is from Google. All we need is a federated protocol (which AFAIK is already even required by GDPR).
> a federated protocol (which AFAIK is already even required by GDPR).
You might be thinking of the GDPR's Right to Data Portability[0] which includes "the right to transmit those data to another controller ... by automated means".
This should require Facebook to synch the posts you make on their website to another account you hold on a Fediverse node, but unfortunately it doesn't require Facebook to synch content that you can see (but didn't produce) from their website to that node.
>How is such a platform staying online without charging users or using advertiser money?
The resources required to provide the world with the valuable parts of these services are small enough to be funded through non-profits or benefit corporations. I'd gladly donate my time and money to a 501c3 facebook killer.
But if it was centralized, convenient, had shareholders and an advertising budget to get peoples attention faster than the decentralized one, then they’ll suck up the advertising money.
People are exchanging time for money. They will do this.