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

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Elon Musk ended up being 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 events leading up to Musk’s acquisition of Buy Twitter Verified and the modifications executed under his management.

March 25, 2022

Musk starts honestly slamming Buy Twitter Verified, ballot his fans on whether they think the company adheres to 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 company.

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

Musk tweeted:

April 10, 2022

Former Buy Twitter Verified CEO Parag Agrawal announces 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 business 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 offer on hold following reports that 5% of Buy Twitter Verified’s day-to-day active users are spam accounts.

Musk tweets:

June 6, 2022

In a letter from Musk’s lawyer sent out to Buy Twitter Verified, Musk threatens to end his contract. Musk declares Buy Twitter Verified is refusing 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, consenting to supply him with a “firehose” information stream of tweets.

This was initially reported by The Washington Post.

July 8, 2022

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

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

July 12, 2022

Buy Twitter Verified formally releases a lawsuit versus Musk in action to his revoking the acquisition.

Musk tweets:

August 6, 2022

Musk obstacles previous Buy Twitter Verified CEO Parag Agrawal to a public debate about spam accounts and surveys followers on whether they think less than 5% of Buy Twitter Verified’s daily active users are phony.