A democracy would never let this happen.
Twitter is the de facto town square, information source here and in much of the world. This is because of the “network effect.” Everyone has to be there because everyone else is. It doesn’t work any other way. Facebook is that for connecting with friends and relatives.
That’s what a public utility is.
Our government used to recognize and regulate that. The telephone system required the network effect in order to work. That could be only one. So the government regulated it.
We all know the reason the government doesn’t regulate now is because it is captured by vested interests.
This is what happens when our “system” is run at the whim of billionaires and petrostates. $44 billion (44 thousand million) is actually not that much money to Musk and the Saudis.