Unfortunately probably a lot of CEOs realizing they can make drastic cost cutting and policy moves and get away with it. And sadly looks like it’s working.
So far it doesn't look like he's getting away with it. Ad revenue is down 60% compared to last year, it doesn't look like there is enough revenue from subscriptions to make up for that, and they're being evicted from one of their offices.
That story is (unfortunately) not as bad as it sounds on the surface. Basically the office they're being evicted from was leased just as COVID lockdowns were happening and WFH became a thing. So no one was actually working there and it was pretty much just sitting empty. It's still not great, but Twitter isn't really losing anything of value.
He hasn't been paying for Twitter's servers, which is the equivalent of a construction company refusing to pay a supplier for wood. No wood = no product, likewise for Elon no servers = no twitter.
Notice how almost all social media sites are now offering, or considering offering, paid 'blue checkmark' options? Yeah, seems that us plebians didn't factor into the 'OMG, that's awesome' reaction from the CEOs.