The richest man in the world is buying.
On Monday afternoon, Musk added a new title to his resume. Musk will pay a grand total of $44 billion for the company.
If the deal goes through, it will allow the company to become a privately held company again.
The proposed acquisition by Musk is said to be affecting the ability to hire new employees.
The New York Times has obtained internal documents that show that hiring managers are being told to record how many potential new hires turn down employment due to uncertainties about the company under Musk's leadership.
Potential new hires were worried about Musk's plans for the platform and what would happen to the company's shares if he took the company private.
When contacted by Insider, representatives from the micro-blogging site refused to comment.
Musk has referred to the social network as a "public town square" of the modern era, the digital equivalent of a public forum.
He has been critical of the decision to permanently ban former President Donald Trump from the site, and he has referred to himself as a ".
At his satellite internet startup, Starlink, he refused requests from some governments to block news broadcasts from Russia.
He said that they would not do it unless they had to.
In announcing his acquisition plans on Monday, Musk said he wants to make the service better than ever by enhancing it with new features, making it open source to increase trust, and authenticating all humans.
Ben Gilbert, senior correspondent for Insider, can be reached via email at bgilbert@insider.com. Sources can be kept anonymous. You can use a non-work device to reach out. Please only email PR pitches.
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