Your first point makes zero sense: it can’t be both “for profit” and have “no means of generating income”.
Are you for real? The entire concept of Enshittification hinges on the real fact that most internet services start out with a net negative “profit” and are kept alive through large injections of VC capital. This allows them to offer the service for free or close to free to gain a massive user base, which they then leverage for profit later on through measures that make the service worse for consumers. The entire reason Mastodon, Lemmy, and the federated social network exist is because of this contradiction.
Are you for real? The entire concept of Enshittification hinges on the real fact that most internet services start out with a net negative “profit” and are kept alive through large injections of VC capital. This allows them to offer the service for free or close to free to gain a massive user base, which they then leverage for profit later on through measures that make the service worse for consumers. The entire reason Mastodon, Lemmy, and the federated social network exist is because of this contradiction.