It seems unlikely the company will ever turn a profit. It's crumbling under the weight of its own infrastructure (some question how it even still runs!).
Rumor has it they lacked the manpower to actually keep the API running and scrapping it was a last-ditch attempt at getting rid of bots. Same bots who flocked to the platform after the layoffs started since people in charge of mitigating these were fired.
Firing abuse and content moderation teams meant there was a lot more unsavory spam on the platform and advertisers didn't want any of it near their brand. In a few week Twitter lost half of it's top 100 biggest advertisers [0] and it doesn't seem they are coming back.
At this point, I'm wondering if not paying former employees, rent and cloud bills is a way of getting the company bankrupt with litigation, so he can later claim that it wasn't his fault that it went down but "all the rent-seekers conspiring against him".
To be fair, there were a lot of non-technical or "tech-adjacent" people from third tier business schools who seemed to think Musk was a genius for firing most of his "overpaid underproductive programmers" and will desperately try to imitate his every moves (probably trying to play the same games with employee severance and cloud bills). It'll be hilarious to see them crash and burn in the coming years (see Holmes, the Jobs copycat currently serving her sentence).
[0] https://www.businessinsider.com/twitter-lost-half-top-advert...