That is not at all what looking at their financials say. Twitter was a very profitable company which over hired like crazy in 2021. This could have been solved without gong crazy like Musk did. Just do responsible layoffs.

https://www.macrotrends.net/stocks/delisted/TWTR/twitter/ebi...

https://www.macrotrends.net/stocks/delisted/TWTR/twitter/num...