It was so untenable that they kept it going for 4 years? Maybe if conservatives lied less they wouldn't feel like it was targeting them. Classic case of overlooking the obvious conclusion.
And community notes is hardly a replacement. It sounds like it's little more than a popularity contest. At best you'll get notes on things that pretty much everyone already knows is false. Better than nothing, but not great. At worse, whoever has the loudest voice dictates "truth."
While you're right, I'm not even that pessimistic about community notes. The big issue I see is time. How many impressions is something going to get before the community notes pop up? 10,000? 100,000?
A lie can travel halfway around the world while the truth is putting on its shoes.
Oh, they do. They're just talking about pragmatism when it comes to their business interests, not the pragmatics of reality. Edit to add that they know exactly what they are saying, their Doublethink is precise.