It's privately owned, but by a number of parties all with a lot of money on the line. That person may have pulled together the investors, but it most definitely has investors that it needs to answer to in the medium term. In the long term, they have stated that re-floating is a goal.
This is a good one, another one that blows my mind: when I use the "I'm not interested in this topic" button and refresh the page, it shows that very same post at the top of my feed?!
I had to resort to configuring "muted words" to actually fix the problem.
Its very weird to me that such basic things seem so bugged on a platform that popular, but other much much more complex things (mass video streaming, Grok itself) work totally fine?!