With that said I think some people here might be too quick to dismiss the market opportunity a new social network could take advantage of.
You'll frequently see messages here about how terrible Reddit has gotten, in part because of heavy-handed moderation.
A new social media that says, "we're not removing anything unless it's clearly illegal or we get a court order to do so" is a reasonable pitch in my mind.
Again, I doubt this particular app will succeed but I also wouldn't be surprised if the demand was real.