My take is that its super obvious X is a rapidly failing social media platform that is reportedly very dangerously leveraged with Tesla stock value... but xAI still has that Zombo.com magic where anything is possible and the unattainable is unknown.
Clearly the $44B price was too high for what it was really worth as a platform - Musk tried to get out of the deal, or at least decrease the price, but was forced to buy it at his initial offer by the courts. But I don't think there's any basis to say it's rapidly failing, at least from an engagement perspective - if BlueSky or Threads were going to kill X, they would have done so by now, or at least be well on their way. Besides, the real value of X is to seize control of a powerful propaganda platform from progressives, and in that he succeeded, maybe even beyond his wildest dreams.
What’s the point though if more and more real people delete the app and their accounts? He owns the equivalent of Lake Aral.
I gave up an early 5 letter word account on Twitter because I refuse to support a bully that has clear fascist intentions and the entire platform seemed to be turning into bots spouting racist Nazi tropes.
What suggests that? It seems neutral to me. It gained a billion dollar valuation since the acquisition. Ad revenue is returning back to the levels it was at. There were other revenue streams added to more effectively monetize it.