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Twitter Reportedly Tracks Job Offers Rejected Because of Elon Musk

  • Billionaire Tesla CEO Elon Musk is buying Twitter for $44 billion.
  • The acquisition must be approved by regulators and is not expected to be finalized before the end of the year.
  • The news alone is already impacting Twitter’s ability to recruit employees, according to a new report.

The richest man in the world buys Twitter.

On Monday afternoon, billionaire Tesla and SpaceX CEO Elon Musk added another title to his resume: owner of Twitter. Musk will pay $54.20 per share for Twitter, a total of $44 billion.

If the deal successfully passes through regulators and closes, which is expected to happen later this year, Twitter will revert to a private company.

But in the meantime, Musk’s proposed acquisition would impact Twitter’s ability to hire new employees.

Hiring managers are asked to record the number of potential new hires who turn down jobs due to uncertainties about the company under Musk’s leadership, according to internal Twitter documents seen by The New York Times.

These potential new recruits reportedly cited two major concerns related to working on Twitter under Musk: his plans to moderate the platform, which are based on his stance of free speech absolutism, and what would happen to Twitter shares. in their offer letters when Musk takes the company private.

Contacted by Insider, Twitter representatives declined to comment on the report.

Musk has repeatedly referred to Twitter as the “de facto public square” of the modern age – the digital equivalent of a public forum.

To that end, he criticized Twitter’s decision to permanently ban former President Donald Trump from the site, following the uprising at the US Capitol on January 6, 2021, and he repeatedly called himself a “absolutist of freedom of expression”.

He has demonstrated this sentiment at least once in recent weeks: in his satellite internet start-up, Starlink, he refused requests “from certain governments (not Ukraine)” to block news broadcasts in originating from Russia.

“We will only do this at gunpoint,” he said. “Sorry to be a free speech absolutist.”

Announcing his acquisition plans on Monday, Musk said he wanted to “make Twitter better than ever by improving the product with new features, making algorithms open source to increase trust, defeating spambots and authenticating all humans”.

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