Absolutely. For a platform with a relatively high engagement early on, they made so many missteps: awful photo/video tools (instagram, tiktok), messing up live, messing up developer experience, stagnant product (awful thread management for YEARS).

However, I still believe it can be fixed. As an example, my consumption of news related information has moved significantly to Twitter. Why not do a better job there, in trying to provide a kick-ass way for content creators/consumers, and charge them for it.