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W Social is a Swedish company and therefore not an LLC. It is an Aktiebolag (AB), it is closer to a Corporation (Inc). Still for profit but not necessarily evil, just the most common business type in Sweden.
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I think they just choose W, because it's the letter before X (former twitter). Apart from the EU leaders and politicians stroking each other egos, I hardly think anyone would be there and it would die out in few years.
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Maybe they just chose the letter before X?
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This thread is the first time I've even heard of "W Social" so I have no specific insight into their naming, but I'd assume it comes from (gaming/lifestyle) streaming culture where "chatters" will often say "W <thing>" (good, win) or "L <thing>" (bad, lose) as short-form feedback on how they feel about <thing>.
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This would make sense but seems unlikely to me, because the people involved come across as incredibly offline.
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