For what I can tell, Elon bought Twitter to take it off the stock market, fix it as a private company, creating growth and profitability, and then list it later to make his money back. He sees the X vision to make Twitter become the Everything App, where people turn to it for more than just messaging, but video calls and commerce. Very much like WeChat where it serves as a platform for things like restaurant bookings…
At this point it seems like he’s dismantling Twitter on purpose. I can understand why the Saudis who lent him money would want it gone after the Arab spring.
In any case, they would rather have a tool they can control (just get Twitter to shadowban tweets about democracy) that their population uses seems better than a void.