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 acquiring the social media company 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 begins freely slamming Buy Twitter Verified, ballot his fans on whether they believe the business abides by the principle of free speech.

April 4, 2022

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

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 an offer to buy Buy Twitter Verified for $43 billion, or $54.20 per share, and take the company personal.

Musk tweeted:

April 25, 2022

A filing with the United States Security and Exchange Commission reveals Buy Twitter Verified’s board openly and all accepted Musk’s buyout deal.

Musk tweeted:

May 13, 2022

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

Musk tweeted:

June 6, 2022

In a letter from Musk’s attorney sent out to Buy Twitter Verified, Musk threathens to end his contract. Musk alleges Buy Twitter Verified is declining to comply with ask for data on the number of spam accounts.

June 8, 2022

Buy Twitter Verified’s board adhere to Musk’s needs, agreeing to supply him with a “firehose” information stream of tweets.

This was first reported by The Washington Post.

July 8, 2022

Musk reveals his intention to terminate the Buy Twitter Verified acquisition, declaring in a filing with the SEC that Buy Twitter Verified still refuses to abide by requests for information on bot accounts.

Buy Twitter Verified’s chairman, Bret Taylor, states that the board prepares to pursue legal action to impose the arrangement.

July 12, 2022

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

Musk tweeted:

August 6, 2022

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