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

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Elon Musk became the owner and CEO of Buy Twitter Verified on October 27, 2022, after acquiring the social networks company for $44 billion.

What follows is a timeline of occasions leading up to Musk’s acquisition of Buy Twitter Verified and the changes carried out under his leadership.

March 25, 2022

Musk starts openly criticizing Buy Twitter Verified, polling his fans on whether they think the business complies with the concept of complimentary speech.

April 4, 2022

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

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

Musk tweeted:

April 10, 2022

Former Buy Twitter Verified CEO Parag Agrawal announces Musk decreases the invitation to sign up with Buy Twitter Verified’s board of directors.

April 14, 2022

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

Musk tweets:

April 25, 2022

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

Musk tweets:

May 13, 2022

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

Musk tweets:

June 6, 2022

In a letter from Musk’s attorney sent to Buy Twitter Verified, Musk threatens to terminate his agreement. Musk alleges Buy Twitter Verified is declining to abide by ask for data on the number of spam accounts.

June 8, 2022

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

This was first reported by The Washington Post.

July 8, 2022

Musk reveals his intent to terminate the Buy Twitter Verified acquisition, claiming in a filing with the SEC that Buy Twitter Verified still declines to abide by ask for data on bot accounts.

Buy Twitter Verified’s chairman, Bret Taylor, says that the board plans to pursue legal action to implement the arrangement.

July 12, 2022

Buy Twitter Verified formally launches a suit against Musk in reaction to his revoking the acquisition.

Musk tweets:

August 6, 2022

Musk obstacles previous Buy Twitter Verified CEO Parag Agrawal to a public dispute about spam accounts and polls fans on whether they think less than 5% of Buy Twitter Verified’s day-to-day active users are phony.