Personally I really hope the X exodus will not be caused by new venture capitalist platform taking over, even though it might seem increasingly inevitable at this point.

I have extremely little faith in W social—they didn't even manage to set up their temporary landing page properly, indicating strongly that this is run by capitalists rather than talented and ideologically motivated people. Apparently it's a Bluesky fork, so I guess it will have a perceived success by running on ATProto no matter how it goes down.