Isn't this saying that overall usage went down? And that advertisers fled the platform? I understand why VCs would want Musk's story to be true, that drasticall

Isn't this saying that overall usage went down? And that advertisers fled the platform? I understand why VCs would want Musk's story to be true, that drastically cutting staff would increase profitability. But that doesn't indicate anything other than virtue signaling more or less.