"Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated," said Mr. Musk. "I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it."
EBIT fell off a cliff from $27m to a loss of $493m, but that includes paying out $809m to settle a shareholder class action lawsuit (https://apnews.com/article/technology-business-lawsuits-san-francisco-class-action-lawsuits-f39d385ca5786f7615291f0d516064af).
Musk is still losing money building cars and rocket ships. Now he can lose money promoting the online version of a bunch of drunks yelling at each other at closing time.