There are no articles to confirm that it was losing $4m a day prior to the acquisition. This is a number that Elon put out (post acquisition) to justify layoffs.
There are no articles to confirm that it wasn't, either.
As for justifying layoffs, Twitter (or X, or whatever it is) seems to be working just fine, despite the dire predictions that the whole thing was going to die within days.
As for justifying layoffs, Twitter (or X, or whatever it is) seems to be working just fine, despite the dire predictions that the whole thing was going to die within days.