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Has any social network ever focused on users well-being and been successful? I think it’s not criticism but an interesting idea.

I too, am curious. It seems like Mastodon and other federated networks definitely have user well being and autonomy as a goal. However, for whatever reason, most of the more popular federated networks seem to aspire to be "X, but federated" instead of having drastically different user experiences.

Quite a few!

https://en.m.wikipedia.org/wiki/Platform_cooperative

I think it's a valid concern to ask about incentive alignment - if you're wanting to do a tech-for-good project, you probably want to make sure that profiteering doesn't become the primary driver at a later date by making a Ulysses pact [1].

1: https://en.m.wikipedia.org/wiki/Ulysses_pact

It’s not a weird criticism. May not be unrealistic to be a co-op, fine that’s difficult. But don’t lie and say there’s no profit incentive to be had when there clearly is if owners of the platform are separate from individual users

The jury is obviously still out, but I think The Drivers Cooperative is pretty successful, and I'm optimistic that it will continue to be.

https://drivers.coop/