I think they're operating under the assumption that there is no shortage of people willing to work for clout on a leading social media. They think the users they lose are replaceable and you know what it's not an unreasonable expectation. It sucks but that's just the way it is, there will always be people willing to post memes and delete nazi comments.

Only time will tell, but it's not uncommon to kick out power users when they get uppity and think they run your platform. Way easier/cheaper to fire unpaid volunteers than tech-bros with Silicon Valley salaries.