Gonna play devil's advocate here.
If Elon is truly able to turn The App Formerly Known As Twitter into an 'everything app' that's actually worth using, this could be a bone-headed move that pays off in dividends. It depends on what he plans to introduce to X within the next year or two. Transforming X into a messaging app won't be enough.
Musk's line of thought here isn't completely asinine. Let's not deny that superapps like LINE, WeChat, Alipay, Taobao and others exist, and absolutely dominate the digital landscape in their own regions.
Problem is, Twitter already has stiff competition. Threads is by far its largest competitor, and the moment Zuckerberg implements hashtags and trending topics, X is going to hemorrhage users.
This is honestly the direction Steve Huffman should've taken with Reddit instead of jacking up API prices and gouging every third-party app out of existence. Imagine if RPAN became a legitimate monetized mobile livestreaming platform instead of some dumb social experiment with seriously limited broadcasting times/broadcasters at once, or if Spez allowed content creators to sell access to premium content á la Tumblr Post+, Fansly, Patreon or OnlyFans. Enough e-girls have been astroturfing the shit out of Reddit to plug their paywalled collection of nudes, so may as well cut out the middle-man and drive OF out of business.