The current "stewards of free speech" on Twitter appear to be from the military-industrial complex (recalling when Twitter implied "undermining faith in NATO" is a bannable offence, since confirmed, and unironically citing ASPI as an "independent source" on which accounts to ban), so I personally view an eccentric oligarch as an upgrade.
The current regime is not a monarchy (who do you think the "king" is...?), it's a shadowy extension of the MIC, apparently with the primary purpose of monitoring and managing narratives of importance to them.
Of course, he might just continue this trend.