While I like both takes, I don’t think even the dumbest billionaire or government wouldn’t recognize the value one centralized tool has. It would have been sufficient to control both Twitter and Reddit, moderate the hell out of topics they don’t like and put them offline in crucial moments. Destroying them without a clear, centralized alternative isn’t really sensible.
I personally expected the Reddit IPO to be the end of any “subversive investment advice”, that might have been on Reddit.
I’m always totally surprised how willfully European governments have put so much power into the hands of Twitter. Nearly every organization and politician has a Twitter account to be used for official and semi-official communication. And Twitter isn’t and was never really very popular in Europe compared to Facebook and other social networks, which these same organizations and politicians demonized to the max. I hope this is a wake up call: there are no inherently good centralized and commercialized social networks fit for communicating important information to an audience of potentially everyone.