Musk has marketed it as the world’s “town square"
He says it so clearly here which makes me wonder how people don't realize it:
How fucked up would it be if your actual town square was owned by a private company?
A private company that is in control of who is allowed to talk and what they are allowed to say. A private company that even decides what you hear and see while walking the square. Meanwhile also shovelling ads in front of you while you try to find the people you actually want to engage with.
"Social" media owned by private corporations is not social. Such media is anti-social, corporate control of public spaces that ought to belong to the people, just like they mostly do in real life.