I don't think #twitter really cares if they lose advertisers or if they have to pull out of EU. They don't care about being a global platform, and money is just a possible side benefit.

What they do want is to control the political discourse in their home country.

The same is likely happening with #Reddit ; expect similar changes to other platforms. Same about stopping non-US platforms ( #tiktok ).

The long-term goal is to deplatform anyone not on the political far right. And it's working.

He now has an endless supply of Saudi oil money. He couldn’t care less.

Saudi Arabia’s Kingdom Holding Company (KHC), along with the private office of Prince Alwaleed bin Talal, will continue their ownership of Twitter shares valued at $1.89bn after Elon Musk’s takeover of the social media company, making them jointly the second largest investors, according to a statement released by the Saudi prince.

https://www.aljazeera.com/news/2022/10/28/saudis-kingdom-holding-company-to-maintain-twitter-stake

Saudis ‘second largest investors’ in Twitter after Musk takeover

KHC and the private office of Prince Alwaleed bin Talal are jointly the second largest investors after Elon Musk.

Al Jazeera