It's the medium of the poor and downtrodden as well. It really is an eclectic and transgressive channel in that there is a place for all. It's like reddit in that way.
There is zero doubt twitter out punches it weight class for what it is as a business and business model versus the outsized impact and influence it has on real time culture. Everybody knows the business sucks. Everyone knows Twitter is an entrenchment for real time news, updates, gossip, humor, connections, general zeitgeist, etc.
This is why Elon wants it-- he said as much, he can unlock the potential. Most people are of the mindset, based on Elon's track record, that if anyone can do it in short order he has a great shot as any. Especially compared to any PE firm.
Well, except Brisket, because he knows better than the rest of the business world. He has been a minor lawyer for a dozen years or so and he knows a savvy business operator when he sees one.