Maybe some things, like human relationships and communication, are better off without a profit motive.
Also, I don't know what dictionary you're looking at. These all seem pretty money-focused to me. https://www.oxfordlearnersdictionaries.com/us/definition/eng... https://dictionary.cambridge.org/us/dictionary/english/profi... https://www.merriam-webster.com/dictionary/profit
Visiting your last link for Merriam-Webster, you will see a '1 of 2' and a '2 of 2' beside these distinct meanings.
If there’s still a comprehension difficulty dictionaries usually contain an explanatory guide as to how things work.
Whereas my point since the start has been that the dictionary definition is barely relevant to good-faith communication, which tries to understand what the other person means and engage with that. Even if they're using the number 1 definition, and you'd rather use number 2.
"Also, I don't know what dictionary you're looking at. These all seem pretty money-focused to me. https://www.oxfordlearnersdictionaries.com/us/definition/eng... https://dictionary.cambridge.org/us/dictionary/english/profi... https://www.merriam-webster.com/dictionary/profit"
Whereas in fact their definitions of 'profit' are not written to a specific 'money-focused' meaning.
Dictionary definitions for commonly used word are almost never 'focused' on a specific meaning for the reasons previously described.
I would still rather have a diverse ecosystem of power-tripping moderators than a few unavoidable ones, though. There would probably be more calm tidal pools like the one that dang cultivates here.
Why would anyone do this? What's the incentive? Could someone run a social media network and either (1) do it in their free time or (2) make enough money where they could run in it full time. I'm confident the answer to both questions is no.
In other words, there is an incentive to run large social media networks (ad money) that it makes sense to try and attempt content moderation, but there is no desire to run smaller ones. I would even take offense to calling it cheap; playing social arbiter can easily be time consuming and mentally taxing.