The guy who runs W Social, whilst he has a software developer background, has worked most of his time in the financial world. W social is also an LLC. It's a corporation with shares looking to make a profit somehow. No doubt there will be ads on there, and paid features.
I don't see how this will ever become a success, not because it's going closed source (people here don't care), or because it might have paid features (people here don't care) in the future, or even ands (people here don't care), but because of the name. Who the hell thought "W Social" was a good name for a company?
We are so bad at company names here in the EU it's embarrassing.
Maybe they just chose the letter before X?