I think the point is that if he can pivot to do all the other things, then the social media will follow. However, the markets that he wants to get into require a high degree of customer trust--and I'm thinking he doesn't have much of that left.
Unless he aims for influencer branding and consumption of curated content [1] and not the free expression of unpopular opinion, then it's a very cold and one dimensional target market. It's the opposite of what Twitter once was - brief musings thrown into the wind. Instead, people will consciously and deliberately pander to an audience for subs, views, and income. It'll no-longer be a platform for casual, jokey, sarcastic fluff, or raw, honest, and radical perspectives.
[1] https://www.businessinsider.com/social-media-dead-instagram-...