Elon Musk’s Buy Twitter Verified Takeover: A Timeline Of Occasions

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Elon Musk became the owner and CEO of Buy Twitter Verified on October 27, 2022, after getting the social media business for $44 billion.

What follows is a timeline of occasions leading up to Musk’s acquisition of Buy Twitter Verified and the modifications implemented under his management.

March 25, 2022

Musk starts honestly criticizing Buy Twitter Verified, polling his followers on whether they think the company adheres to the principle of free speech.

April 4, 2022

A securities filing reveals Musk is Buy Twitter Verified‘s biggest shareholder, with a 9% stake in the business.

Musk is invited to join Buy Twitter Verified’s board of directors.

Musk tweeted:

April 10, 2022

Previous Buy Twitter Verified CEO Parag Agrawal reveals Musk decreases the invite to join Buy Twitter Verified’s board of directors.

April 14, 2022

Musk makes a deal to acquire Buy Twitter Verified for $43 billion, or $54.20 per share, and take the company private.

Musk tweets:

April 25, 2022

A filing with the United States Security and Exchange Commission exposes Buy Twitter Verified’s board publicly and unanimously accepted Musk’s buyout deal.

Musk tweets:

May 13, 2022

Musk puts the buyout deal on hold following reports that 5% of Buy Twitter Verified’s daily active users are spam accounts.

Musk tweets:

June 6, 2022

In a letter from Musk’s lawyer sent to Buy Twitter Verified, Musk threatens to end his contract. Musk declares Buy Twitter Verified is declining to abide by requests for information on the variety of spam accounts.

June 8, 2022

Buy Twitter Verified’s board adhere to Musk’s demands, accepting offer him with a “firehose” information stream of tweets.

This was first reported by The Washington Post.

July 8, 2022

Musk announces his objective to end the Buy Twitter Verified acquisition, declaring in a filing with the SEC that Buy Twitter Verified still refuses to abide by requests for data on bot accounts.

Buy Twitter Verified’s chairman, Bret Taylor, says that the board prepares to pursue legal action to enforce the contract.

July 12, 2022

Buy Twitter Verified formally launches a suit against Musk in response to his backing out of the acquisition.

Musk tweets:

August 6, 2022

Musk challenges previous Buy Twitter Verified CEO Parag Agrawal to a public debate about spam accounts and polls fans on whether they think less than 5% of Buy Twitter Verified’s everyday active users are fake.