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 getting 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 executed under his management.

March 25, 2022

Musk starts freely criticizing Buy Twitter Verified, polling his followers on whether they believe the company complies with the principle of free speech.

April 4, 2022

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

Musk is welcomed to sign up with Buy Twitter Verified’s board of directors.

Musk tweeted:

April 10, 2022

Former Buy Twitter Verified CEO Parag Agrawal reveals Musk decreases the invite to sign up with 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 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 offer.

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 attorney sent out to Buy Twitter Verified, Musk threatens to terminate his agreement. Musk declares Buy Twitter Verified is declining to adhere to ask for information on the variety of spam accounts.

June 8, 2022

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

This was first reported by The Washington Post.

July 8, 2022

Musk announces his intent to end the Buy Twitter Verified acquisition, declaring in a filing with the SEC that Buy Twitter Verified still declines to abide by ask for information on bot accounts.

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

July 12, 2022

Buy Twitter Verified officially releases a lawsuit against Musk in action to his backing out of the acquisition.

Musk tweets:

August 6, 2022

Musk challenges previous Buy Twitter Verified CEO Parag Agrawal to a public argument about spam accounts and surveys followers on whether they believe less than 5% of Buy Twitter Verified’s day-to-day active users are fake.