Twitter wasn't in that bad of state. If anything, it just needed tweaking to unlock the value it should have had given it's place in the media. Now, Twitter is in a terrible state financially given the debt Musk loaded onto it for the purchase.
The problem is Musk is learning the hard way when taking something over is that the old crew is never as dumb as he hoped they were, and he wasn't as smart as he thought he was.
A company that is 16 years old, still not profitable, & with no concrete plans to achieve profitability is totally dysfunctional and probably wouldn’t survive a high interest rate + likely recessionary environment anyways.
The problem is Musk is learning the hard way when taking something over is that the old crew is never as dumb as he hoped they were, and he wasn't as smart as he thought he was.