The way people bring up "X is basically fine" on this site (not you, other comments) drives me insane. It's gone through multiple seriously breaking issues, its valuation has plummeted, and there's no indication that it's solved the bot and misinformation issue Musk was very loud about before purchase (but some indication it's worsened.) Regardless of your political leaning it's hard to imagine the site being a better experience than it was three years ago (unless you were chronically moderated for posting ToS-violating content.) Maybe nobody can speak with certainty yet that the layoffs have contributed to those issues. It's not hard to imagine that some of this carnage could have been avoided by not slicing out everyone with domain knowledge so the new owner could go on some extreme ideological warpath. Yes, the domain resolves to an IP address and renders a page in the browser. If this is the baseline to justify laying everyone off, we've gotta expect more from the web.
For me, and perhaps a decent number of users, it does what it always did, be links I could look at now and then when linked, and laugh.
I can't do that with Facebook and Instagram anymore as there are logins up the wazoo.
So for my use case (and I'm not a customer or even a user), it's still the same.