The scientific method is a powerful tool for finding truth and discriminating between what is true vs. false; it has likely resulted in much of the progress made over the past few centuries. However, there are still ongoing efforts to spread misinformation and hatred.
The problem of instantaneous communication across the planet is that it subtracts off all sorts of context and mutual self-knowledge which could improve social media platforms like Twitter. There are communication challenges that need to be addressed to make social media better.
The decision-making process at Twitter has nothing to do with the laws of physics and is governed by emotions and psychology. Government intervention may be necessary to address challenges on the platform.
The US government may be willing to let Twitter be acquired by a large tech company in order to have more control over the censorship of content on the platform. This poses a threat to the goal of having a free speech platform at scale on the internet.
The decision to raise money or not for a business should take into consideration lifestyle goals and the type of market. Social media is an example of a market where it is crucial to get big quickly, whereas other markets allow for more variety and sustainability.
Users tend to coalesce around a set of standards they want to see happen on social media platforms. Thus, social media networks do not have a monopoly, but are rather just application layers.