[_djo_]

Twitter's net loss in 2021 was $221 million, far from $4 million a day, and there's nothing to indicate that had changed before he bought it. The figure he quoted is made up predominantly of the $1 billion in annual interest payments Twitter now has thanks to Musk's leveraged buy out.

There was no imminent need for Twitter do anything. It still had a healthy enough cash pile and leeway and time to layoff 10% of the workforce or so to return to pre-COVID staffing levels.

[jurassic]

Exactly. He's running it into the ground financially by saddling a low margin business with high-interest debt and also tanking revenue by spooking advertisers. 5D chess.