this post was submitted on 18 Aug 2023
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https://www.reuters.com/markets/deals/saudis-kingdom-holding-company-maintain-twitter-stake-2022-10-28/
Considering that Saudi Arabia still holds enormous amounts of money in Twitter, and twitter was how the Arab Spring and other movements spread, it certainly looks like it's a deliberate crashing of the platform.
There's no way they could've convinced Elon to look like an idiot though to take it down.