There is no Twitter meltdown. Before Musk it was already in grave financial trouble and would have made 800m$ cuts anyway. Musk most certainly is clumsy in his actions and communications, but Twitter isn't going anywhere.
Likewise, Facebook isn't having a meltdown either. There's a dent in ad spent against a backdrop of 2 years of dramatic overhiring (same as Google, Stripe).
There's a 4% decline in revenue on a 27 billion quarterly revenue. Meltdown? There's a handful of companies on this planet being this profitable.
I'd like to use a common Dutch expression to explain the Twitter situation: "the soup isn't eaten as hot as it is served".
Musk wants absolute free speech but that's just a random interview quote, not the actual plan for Twitter. Users are abandoning the service in droves. No, they are not. A handful of advertisers stop spending (conveniently part of an economic downturn) but that doesn't mean the vast majority do, or do so indefinitely. Twitter is an awful place now, whilst he hasn't implemented a single change yet. Checkmarks will get decimated whilst his original unhinged idea is already dialed back.
Everybody's jumping on all kinds of hysterical projections that are not supported by the facts. There is no meltdown.
November 7th: https://twitter.com/elonmusk/status/1589784134691741696
The questions are: can they monetize that, and will it continue? But as far as twitter dying, the opposite is currently true. It's never been more alive.