I think this is the correct take. They repeatedly shit on Keith for being "pro-Elon" or "pro-Twitter" when he explicitly criticizes both on Twitter. The fact that Mike and Jordan insisted that Keith should make "demands" of Elon after getting that massive boost in attention on the Irish hate-speech bill was insane. Expecting someone to take that opportunity and just piss on Elon with it really shows how childish the guys at TRS are. It's generous to even call them political at this rate. They're so deep in drama that that's how they've started to view politics as a whole. To them it's all just a big clout chasing game, so seeing someone else get some clout pisses them off.
Keef did just that, though, but it was not enough for Mike and Strike.
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Even JF Gariepy (I'm almost certain) made the same demands of Twitter, and the dude is like a complete coward these days, telling people that he's a libertarian and that he hates "Internet fascists".
The thing is, Elon is likely just clueless about who he is responding to or boosting, and he acts like a child with a toy. He sees a tweet he likes and goes "hmm yes very interesting how 'bout dat" without giving a fuck about who makes the claims or wondering about motivations.
TRS did not have the occasion to get boosted cause the moment they went back on Twitter they started to sperg out and post Hitler memes and praising the Reich (we're just testing free speech bro), and got shoahed one by one. After the ADL picked up and moaned about it to Elon, he probably decided that open neonazism is not worth the trouble.
Fairly sure there are machinations and power struggles at Twitter. Fuentes got reinstated and immediately rebanned. Anglin managed to stay on like 2-3 months, but he also got banned. There are people more moderate compared to Keef and Joel still banned (who are, let's be honest, pretty much Nazis too, would've probably fit well with the strasserite faction), like Jared Taylor, or Greg Johnson, who are usually slur-free and presenting an old fashioned, polite white nationalism/separatism.
But somebody at Twitter doesn't want them back. There's basically no rational explanation from letting back Fuentes and Michael E. Jones, or Anglin, and keeping Uncle Jared away.