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Elon doesn't want you browsing Twitter
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It's about making it more difficult to get access to download all of Twitter for use in training AI. chatGPT was trained using Twitter and Reddit. And large language models like chatGPT are HUGE money makers and have insane potential. The AI industry is exploding right now, so Twitter, Reddit, and others are adjusting how you can access their content so they can charge big companies money for the right to use their data.
Correct me if I'm wrong but I'm pretty sure reddit allowed openAI to train on their network and Musk was a big donor of OpenAI. So wouldnt these API changes be to monopolize the market since OpenAI has access to both these sites and is the leader in the field.