I think Twitter is going down, may or may not go bankrupt but I think it will lose relevance. Wonder if it will be replaced. Lots of people (myself included) kinda assume that bluesky, mastodon or some other twitter-like service will take over. But Twitter is not really necessary, so I don’t think it’s a given that something will take its place.
As a time sink, more multimedia-oriented platforms like Reddit/Lemmy, Instagram, Tiktok or Youtube, seem more attractive.