Actually, the new policy against live-tweeting people's whereabouts (with the obvious exceptions) and enforcement of a 24h delay would have been pretty easy to defend, had it preceded the account suspension rather than the other way around.
A rule of "don't piss off Elon" is much more honest and easier to follow. It's really not a big deal either, most Twitter use cases don't involve Elon at all -- all it takes is Elon losing face about the free speech thing.
It's trying to be both ban-everything-elon-dislikes while letting Elon claim Twitter is a full free speech zone that makes it entertaining. Trying to make rules around how Elon is feeling that day, and probably how high he is at the time of the pronouncement is always going to make for ridiculous results
But it was clearly a last minute deal with no accounting for things like talking about public speakers, concerts. And talking about such things is a big part of what reporters do. So now they can add and judge who is a legitimate journalist. It opens up entire new cans of worms.
Aren't the public govt data feeds of the actions of notable public figures public events? Define public event? If I see him going into safeway to buy some cheetos is that public?