I know they need to find other revenue other than ads, Elon might be able to find a replacement once it's a private company.
I wouldn't disagree, it just feels more like a wishlist that anything.
(Just turning the thing off would do that)
Now lets approach refuting your claim a different way, not of itself, but instead by providing a rational idea which is compatible with the idea of a good life and is a byproduct of social media. Social isolation is known to create extremely negative well being consequences in social actors. Pandemics encourage physical isolation. Social media provides a mechanism for social interaction despite physical isolation. Yet your claim is so strong that you accidentally imply that even the idea that a large segment of the population avoiding fractured sanity might be of benefit to our future is laughable and has no rational bearing.
Self-refuting, inconsistent with observation. But why? How do you get there? I think you get there because you are an intelligent observer. Game theoretic tit for tat consequences of defection take time to play out and produce a bubble of observation from your perspective which misinform your beliefs. Defection in game theoretic terms is truly laughable, though rational in zero sum games; it is obviously inferior to policies rooted in love which don't degenerate into tit for tat destruction of value. We're in such a time and in such a bubble and so there are many which draw the obvious conclusions. It looks different over larger time slices and so different people come to different conclusions on the value of social utility. Ultimately, this results in them not only valuing social utility, but valuing it even to the extent of free speech to those they vehemently disagree with. Going into why leads to arguments rooted in information theory, ensemble models, and shared values; yet with literal and without any hyperbole war occurring even as we speak and one of the battlefields being social media, this isn't currently a compelling thing. Self-preservation instincts are strong enough that even near certain victory doesn't dispel them. Anyone who goes cliff diving into water will have sensed this. Jumping is hard, even if the action is safe, it doesn't feel that way. And we think fast and with feeling because reality is so complicated that to do anything else would be paralysis.
Free speech is probably safe. Social media probably does have value. Yet it is hard to see it, because society is still learning and part of that learning process is punishing defectors in our shared cooperative game which demands love above all else.
But what is your comment on billionaire Elon Musk buying Twitter.com?