This isn't really true. There isn't another platform offering what Twitter offers, each platform is different and offers different strengths and weaknesses. While you might theoretically be able to do the same sort of thing on Facebook, say, in practice it just doesn't work well if you try and do the same thing with it.
I basically agree. There sort of are (in terms of functionality at least) but they're not in the same league, I mean you could get a group of friends who did a CS degree or one of those coding boot camps together and they could launch a basic version of Twitter... In reality, the widely mocked apps like Parley and Gab are a couple of the very best attempts of others launching a twitter rival, it's not easy to try and replace it.
if Elon's changes produce the expected degradation in the quality of the platform, a significant number of people will leave.
I don't think I'd necessarily agree with this, he's taking some risk but he's intent on making improvements to the platform, I don't think the obvious expectation is that the quality of the platform degrades.
For example, he mentioned some feature to insert longer text without having to do a screenshot of your notepad, Jack mentioned that feature had already been developed internally... it does seem like Twitter is slow to implement things in production... rather different to the much larger and more successful company Meta/Facebook where the philosophy is "move fast break things".
The improvements to verification certainly seem to make spam more expensive and/or less visible... I guess they need to be careful how much they tweak it, the free tier users will still have considerable value to the company from ad revenue, that's their bread and butter and they don't want to alienate them. I suspect they need to also look at working on ML to improve the classification of accounts and decide which to deboost or even just hide completely in the replies.
I think the big risk is the advertisers and the activist groups, some people are basically treating Elon as the new Trump and they'll be kicking off at literally anything and everything he does 'cos twitter man bad. The usual rent-a-mob influencers BLM etc.. will carry on making noise about Elon owning twitter and some how ram their pet cause into the narrative too. That's bound to scare big brands off initially though with a large platform, if he gets it right and the noise/hype/fearmongering that it's going to be the next Gab/Parler doesn't pan out then plenty should come back.
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