That will give time to set up a clearer process around content moderation, Musk said, giving more details about his planned council to inform those decisions.
Kathleen Breitman told CNBC "easy money" had artificially inflated crypto firms, and a shake-out looms in which only truly useful applications survive.
Some Twitter employees are unable to discipline users that break the app's rules around hate speech and misinformation unless they are serious violations.
Binance CEO Changpeng Zhao, now an investor in Twitter, said he was "a little surprised" when he heard Musk had agreed to acquire the platform after all.
The chipmaker's four business lines picked up more revenue than the company had told analysts to expect last month as it perceived a weakening PC market.
Shares of U.S. social media companies Snap and Meta spiked on the news that a Federal Communications Commissioner said the U.S. government should ban TikTok.
Since Musk took Twitter private on Oct. 28, the site has seen a surge of racist and other hateful tweets, according to the Network Contagion Research Institute.
Business news related to the technology industry, including Apple, Amazon, Microsoft, Google, and Facebook, plus consumer electronics, start-ups, cryptocurrency, media, advertising, streaming, venture capital, antitrust and regulation.