I agree with this! My point was that Twitter was not destined to fail: it had (has!) hundreds of millions of high-value users who treated (treat!) it as a news and culture feed. They made lots of money off of those users; the fact that they weren't more regularly profitable is an indictment of management rather than the fundamental business model.

This entire thing is an extended farce in two acts: (1) Twitter's leadership's inability to turn a highly addictive social media network into a regular money fountain, and (2) the sale of a potential regular money fountain to the single least qualified person possible.