I didn’t want to say that Twitters execution of it is perfect, it’s just why Elon comes up with all these seemingly insane ideas. He has a huge userbase that won’t leave, he had advertisers who he thought wouldn’t want to leave and now he’s trying to squeeze. The problem is that he obviously didn’t have his grasp as tightly around the advertisers as he thought, which is why step 3 of Enshittitication entirely fails, at least from what is known to us. The idea is to keep everyone kind of hostage while you squeeze and while it seems to work with a huge chunk of the userbase, a bigger portion of the advertisers simply move on.