I do not believe this, this is post purchase spin. As far as I can tell; twitter was bought because he could not back down from a boast on twitter (or rather he tried to back down after the contracts were signed) and he based the price off a meme.Buying Twitter was never about it being profitable. It was about social engineering.
And it did / is still doing that job perfectly.
If anyone is being socially engineered by his action on twitter, it is himself.