Elon Musk makes $43 Billion offer for private buyout of Twitter

So, my general thought when I see stuff like this is, is there a market for a platform that doesn't mine user info, have AI bots, and has some basic moderation?

Could it survive on regular advertising dollars with an option to pay a subscription to avoid ads?

I know it wouldn't work as a publicly traded company, the demand to increase sharehold value would be too strong... but could someone do this privately and make it survive (@Andrus)?