Twitter’s moat is speed of new information. It is the fastest way to find out what is going on. That is delivered by a combination of technology, experience design, and network effect.

And basically every major competitor has ceded that ground to them. Google had a whole pilot project around real-time search. It only worked because they ingested the Twitter firehose, and when that deal ended, so did Google Real-time Search. Facebook tried to take this on with “going live” video; where is that now? Most platforms like Instagram, YouTube, TikTok, Snapchat, etc. did not even try.