Yes, we have the power to delist companies, although I hope it never comes to that.
Shareholders would have their ownership protected in that scenario (as they still own common shares), same as any other company who was delisted from an exchange
I feel like your argument is making the case for "Nothing has to be monetized", rather than "Not everything has to be monetized".
Not everyone is going to share this altruistic approach to running a business. The majority of monetization probably does, plain and simply, come down to greed. But outside of that, you have ambitious people who envision so much more than what they currently offer—which may require large scale growth.
Regardless, I'm sure the majority of people's morality will be skewed when the service you offer grows to 430+ million active monthly users [0].
Each user goes from being an individual to just a single part of this mass-collective, where the difference between making $1 and $2 off each user is so mind-boggling high that it's hard to keep morals in check.
I guess there's a reason sociopaths do so well in business.
You're not wrong. I think there's a certain flavor of Trotsky's "Eternal Revolution" at play when you have an industry based off of zero marginal cost economics, with the battle always raging between those who can deliver on a shoestring (and are satisfied staying small) versus those who are attempting to capture the entire TAM (or the appearance of attempting to capture the TAM to pay themselves well from investor funds) and milk it for all it's worth.
The defense against sociopaths is eternal vigilence.
