This man is burning anything that had any value at Twitter. From an extremely valuable list of verified users to the name which is even used as a verb. There is absolutely no reason to rename Twitter. The name isn't even that stained compared to like Comcast or what ever the name was of that phone company in the 90s that sucked so bad it was renamed.
> From an extremely valuable list of verified users Was it extremely valuable? I know a lot of people (myself included) viewed blue checkmarks as a "company PR account/mass-media journalist/celebrity account maintained by SMM" sign. The most interesting people I followed on Twitter were not verified.
A verified account of a newspaper is probably better than a fake one, spreading false news about the war in Ukraine, for example.
Managed by PR or not, a verified account stood for the person behind this account, and guarantees this is their (proxy or direct) opinion or a real fact about upcoming event, or information about a past event. Right now a verified account means nothing.