alt Hacker NewsX has a lock on live information that no one else has figured out yet not from a technical perspective but from an adoption perspective.
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My government has been posting a lot of information (weather alerts, road works, etc.) on their own, dedicated Mastodon instance. They don't really advertise it, but it's good they have a platform to publish live information to in case the Americans continue to get weirder.
But X doesn't have a lock on live information.
What people obsess over and see on X is literal propaganda
If something matters so much to your life that you can't wait the hour or so it takes to filter through normal channels, you will not need X to tell you it is happening, and knowing an hour early will not help you
Instead, X will tell you that the USA is loading nukes onto planes getting ready to fly to China (that the video shows is not nukes, not going to china, and from a marketing video several years back)
X will tell you to invest in <Scam>
X will tell you some right wing propaganda like Seattle being on fire.
People who still insist that X has good, reliable, and timely news are saying they have really bad FOMO. If you validated everything that came from X attempting to tease out the signal from the noise, that validation takes longer than just waiting for actual news to filter out. So instead, people who get their "news" from X just don't validate.
X is worse than the tabloids at the checkout line, and those tabloids have on occasion broken world news. But if you bought one every single day because of that, you would be a moron.
It certainly doesn't.
About 1/3 of the people in the USA use Twitter. Which means 2/3rds of us do not. Reddit's audience is larger, at about 1/2 of Americans. Mainstream media's is 2/3rds. And the true information flow happens when people talk IRL after consuming some or all of the above.
So while yes, Twitter has a significant audience, they are not holding a monopoly on live information in any form.
(And this isn't even getting into whether or not people trust each of these information platforms. People often consume media but don't trust what they hear. Which is probably a good thing.)
It's network effect, same as Facebook
Well, there are platforms that did figure it out, but it's quite fractured. For US, you have Bluesky and Fediverse (Flipboard, Mastodon). In Ukraine, you can use Threads. Germany seems to love Bluesky and Mastodon, given the amount of independent Personal Data Servers and Mastodon instances located there.