What about it? They are funded by non-profit. Unless you're suggesting you're going to get anything near the feature set of current for-profit social networks. No major common features = no adoption by the general public. I'm talking face filters, gifs, emojis, stickers, videos, reactions, and the list goes on.
Yes because they were a "free" messaging service that could supplant expensive SMS carriers. They are different products at the end of the day, and a messaging service was acquired by a social network. Anyone can get tons of users selling a product at a loss. This is the standard startup story.
Why don't you approach an investor yourself and just start it.
