Yes, let the Big Tech eat themselves. This is how progress is made.
Consider the fact that their CEO (admittedly!) abused his admin privileges to fraudulently impersonate users, posting fake messages AS them, expressly to frame them.
We would not know about it, and he might still be doing it today if not for some observant moderators. But nothing happened to him, at all - in fact the people and subreddit he hacked were themselves banned.
THAT is power. THAT is what is meant by "big tech".
Reddit's was $10B in their most recent funding round.
It's "big"
And even bigger if you look at user base/reach
That might be what Elon paid for it but, if all the recent news articles are to be believed, it's now worth less than 1/4 that.
No, its not; not being traded on the open market, it doesn’t have a real market cap. It may have once had a $40B market cap, but that doesn’t mean it does (or would if it were on the market) now.
In December it went down to $8.5m, valued at around $20m at the time of the acquisition:
https://www.reuters.com/technology/fidelity-marks-down-value...
And more recently it's dropped to about $6.6m:
https://www.detroitnews.com/story/tech/2023/05/31/twitter-wo...
Implying a valuation of $15b (6.6/20 * 44).