This is spot on. The only wrinkle -- Twitter could actually do something to create separate communities if they wanted. Some large investors have asked them to. They've drafted up plans to create a separate space for financial discussion. Just haven't acted on it.

I really just think it comes down to Twitter being poorly run. I know Paul Singer made a run to have Dorsey replaced as CEO, but eventually backed off. They seem to lean into the divisiveness. It may be beneficial for short-term engagement but it essentially creates a negative emotional experience for customers. And that's going to come home to roost eventually.