I'm not a Musk fan but if this play is in the cards, his actions could be rational.
Otherwise poeple would just
- buy 51 % stake - run the company into the ground - announce its bankrupt - at the auction buy back IP for pennies on the dollar - start new company with previous IP, same domain name, same servers etc
Also if there was an auction, what prevents Google, Meta, MS, Amazon, etc from buying the IP instead.
This is _basic_ functionality.
As it turns out Musk mostly didn't need them, and firing them didn't harm his interests to any tangible degree.
The ones who are most upset about this have an ideology that is a house of cards that has to be shielded from all interrogation, mocking and critique, lest it implode under the weight of its own internal inconsistencies.
These people know very well how to distinguish friend and enemy, and Elon is decidedly not a friend.
To lose this castle to an enemy like Musk is a huge problem for them because of its strategic importance, hence the fire-storm of consternation.
In the wider world, the ones who are upset about this are vastly outnumbered by those who just want to have fun and express themselves on the Internet, so if Twitter can become that kind of a place it will do very well.
For example, a common trolling tactic is to block someone, unblock them and post a mean or disagreeable comment, and then immediately block them again, and to do this repeatedly. The target can't see who is clogging up the conversation with BS, while the unblock-tweet-block cycle is very little extra work for the troll.