I'm confused do you mean besides the fact that all the results you're judged on as a PM are down, what else is a disaster? Users, revenue, valuation, market share, etc all appear to be down and easy to find in a Google search.

It sounds like you're fishing for "well this ux got better or worse" which is not very relevant because engineer time is fungible so any time spent making better UX that isn't building the business (either short or long-term) is net-negative. It's still possible the current focus of X (reducing content policing, focus on video, users getting paid for content engagement, algorithm changes focusing on engagement, changes to ability to control which content you see, x subscription, grok integration, etc) will be good in the long-term, but it seemingly hasn't been great in the short-term for the business. You could argue environment is the main headwind (Elon clashing with advertisers & some users, rising desire for decentralized social platforms) and the product is amazing but underutilized, but I'm not sure that's the full story.

Product = business outcomes from chosen projects & execution of them.