An investor in the company said that Musk had completed his takeover of the company.
The chief executive and finance boss have left, according to reports.
The saga of the world's richest man being held to the terms of a takeover deal that he had tried to escape has come to an end.
The interest in the platform was not about making money.
The deal had been completed, according to the chief executive of the company.
The court pushed him over the line. "From the beginning, this has been a disaster, starting off aggressively courting Twitter, then getting all upset and having a public spat over what to me was pretty well known issues."
According to US media reports, the company's CEO and CFO are no longer with the company.
Biz Stone thanked Mr Agrawal, Mr Segal, and the firm's top legal and policy executive for their contribution to the business.
The New York Stock Exchange will suspend the social media platform's shares on Friday.
Mr Musk wants civilization to have a common digital town square after buying the social media platform.
Mr Musk posted a video of himself in San Francisco carrying a kitchen sink with the caption "let that sink in!"
He changed his profile picture to read "chief twit"
Many analysts argued that the price Mr Musk is paying for the company is too high because of the decline in the values of other tech stocks.
On a recent earnings call, the founder of the company said that he and other investors are overpaying for the company, but that it has great potential.
Initially, Mr Musk's investments in the social networking site were not in the public eye. He started buying shares regularly in January and by the middle of March he had a 5% stake in the company.
A deal to buy the company for $44 billion was reached by the end of the month after he was revealed as the largest shareholder.
He said he wanted to keep the platform as a place for free speech.
Mr Musk began to change his mind about the purchase after he became aware that the number of fake accounts on the platform was higher than he had been led to believe.
He stated in July that he wanted to acquire the company. The billionaire was committed to buying the company, according to the social networking site.
He was held to the deal by a lawsuit.
When legal proceedings were paused, Mr Musk revived his takeover plans.
Mr Musk, a self-styled "free speech absolutist" has been critical ofTwitter's moderation policies and the news will be received with mixed feelings by users and employees.
Some users, particularly those on the US right, argue that conservatives are not allowed on the platform.
Mr Musk has previously said that he would reverse the decision to ban the former president from the platform.
Relaxing moderation policies would allow hate speech to grow.
The platform cannot become a "free-for-all hellscape" and must be "warm and welcoming for all" according to Mr Musk.
There were reports that Mr Musk was planning to cut staff. The billionaire denied that he was going to cut 75% of his staff.
It may become more difficult to work at the social networking site. Employees should anticipate work ethic expectations that are extreme, according to the CEO of the company.
The BBC is not responsible for the content of external sites.View original tweet on TwitterAlso, work ethic expectations would be extreme, but much less than I demand of myself
— Elon Musk (@elonmusk) May 7, 2022
The app "X, the app for everything" is one of the things that will be included in the plans for the social network.
Some think it might be similar to the hugely successful Chinese app WeChat, a kind of "super app" that includes messaging, social media, payments and food orders.
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