After the acquisition, advertising revenue dramatically dropped (to a low of about 1/3 in 2025 though it has apparently recovered up to only down about 50%!), because all of those functions were gutted. This is why Twitter tried to switch to "buying a blue-check" and other premium features (e.g. access to Grok), because they had fired all of the people necessary to run a real advertising business and they needed revenue.
And I know that you don't need that many employees to support Twitter's customer facing business because Bluesky does basically the same thing (message storage/search backend+web app+two mobile apps) and they worked for over a year on just 20 million in total raises (and no advertising or any other revenue)- they did a Series B in 2025 that raised over 100 million, but they were operational for over a year on just 20 million in raise. So yeah, it doesn't take that many people to just present the messages of users to other users, but what Twitter did was to cut back on what they did for their customers and accept the big drop in revenue that came with it, and that's not really proof of anything.
User numbers are down 20% since the acquisition, ad revenue is halved and the value of the company has collapsed. Where is the politics? The only political thing was the acquisition itself. It ceased to function as a growth and market based company and effectively became a propaganda outlet, EM is highly relevant in that this was the actual point.
As a product the entire platform has stagnated, which is what you'd expect if you let most people go and just use it as an arm for election influence.