Twitter has never been a hugely profitable business. They lost quite a lot of money in 2021-22, though 2022 had a fairly profitable couple of quarters prior to

Twitter has never been a hugely profitable business. They lost quite a lot of money in 2021-22, though 2022 had a fairly profitable couple of quarters prior to the acquisition. Musk made a leveraged buyout, which saddled the company with debt, true. But that's not really related to operating profit. It's a liability, true. Unfortunately he bought at the peak of the market; had he waited 3-4 months, could have paid a lot less, & thus leveraged less. As I understand it, he signed a contract and then was under obligation to complete the buyout, and Twitter forced him to comply under threat of a lawsuit in Delaware court. It was thus the Twitter major shareholders & leadership that caused this situation. Be that as it may, he's treating this like his other companies, where he and his team were able to innovate and iterate until they became profitable. It happened with SpaceX and Tesla, at least. I have a lot of confidence in a man with this kind of track record. Listen to his interview with Tucker Carlson, on youtube. He lays out the problems and promises of Twitter. Exciting times ahead.