Twitter is a remnant of web 1.0 - from the days of Flickr, Tumblr, Yahoo News and Geocities. It hasn't adapted at all and is a dying newspaper company. Here's why I think so:
Bots used by numerous think tanks, political interests are proof that it has not adapted but has remained in the past. Typical of web 1.0 companies, they are overrun by glitches, hacks, leaks, interface problems, infrastructure of web 1.0 weighing it down from moving forward with changes on the web. As such, it doesn't invent.
Controlling the context of hashtags was the first indicator of its demise from a socially relevant and 'new thing' to a socially irrelevant and untechnological website. The constant tampering with what was actually relevant led to its irrelevancy and absolute mistrust as its defining trait of publications. So what if Wall Street Journal reports in a tweet? It's obvious Twitter is pushing lie after lie, so people tune it out.
Inventing ended
Have you seen Twitter integrate with Fortnite? Beyond little embeddable "tweet" buttons and tweet sidebars, the inventiveness of Twitter team ends there -- almost a decade ago. What, new ideas, what's that?
The end of utility
What is twitter anyhow? First and foremost, it is a micro blogging service. Secondly, it is supposedly a way people communicate. But do most people use twitter as a means to stay in touch? Nope. Facebook often or sometimes, and using the apps Facebook interfaces with, sure. Twitter though? It's a dying newspaper company.
Lack of transparency and context police
The lack of transparency shows it has become nationalized a while back, much like Youtube after the takeover by Google. The flags of conformity and blandness are all there pre-Dorsey and during Dorsey era it turned into the run of the mill info service.
While the trustworthy are negated, the untrustworthy and those full of deceits were elevated.
So can anyone really post a good use case for Twitter? Giveaways and blue-check-marked non people (who present themselves as 'ladies of society' but are anything but)? NFT bros pumping their next nft hit for the nft junkie community? Recipes, maybe? Celebrities trying to delete their horrific tweets?
We'll cover one more web 1 demise in a bit. Stay tuned. Elon needs to think this through, probably buy it at 10x less valuation. He should know a thing or two having sold software companies before, they don't value well long term.