It really just might be idiots with too much money. Musk makes changes willy nilly without much peer review in the similar way the Titanic sub rich guys did before it imploded.
Then Steve Huffman was like, “Hey, I wanna get investors and money! Screw the people, the whole site is mine to play with like Elon does.”
Money corrupts, man. It’s overly worshipped by society because of its necessity and now here we are. It’s a whole other system for the rich vs the poor.
But to go along your route of thinking, I’d still say no because powerful social media is even powerful when the people who use it are heavily propagandized. (especially by Russia) So when communities fracture into safer sites, propaganda loses its grip and has to work harder to spread influence.
Their app is terrible so I keep to only checking my favorite communities that sadly haven’t moved over at all.