Frankly, that was going to happen either way. Twitter was losing money long before Elon took over, and advertising alone was never going to pay the bills for ~7500 employees.
I do agree that they would have collapsed eventually and this is just an accelerated version of that
I think it’s like 50/50 if he succeeds or not, but I’m not at all confident Twitter’s chances are any worse than they were. They are definitely trending up the longer it goes along.
Of course I may be biased. The man did buy my small amount of a dogshit stock at a huge premium, removing it from my index investments. Twitter wasn’t going to see $54 again for a very long time, if ever.
We obviously don’t know either way, but no massive outages so far doesn’t mean Twitter is still operating smoothly.
Now with Twitter facing a new $1.2B per year in debt, servicing hitting profitability again will be a challenge.