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 media business 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 management.

March 25, 2022

Musk begins honestly slamming Buy Twitter Verified, polling his fans on whether they believe the company adheres to the principle of complimentary speech.

April 4, 2022

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

Musk is welcomed 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 business private.

Musk tweets:

April 25, 2022

A filing with the United States Security and Exchange Commission reveals 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 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 terminate his arrangement. Musk declares Buy Twitter Verified is declining to abide by requests for data on the variety of spam accounts.

June 8, 2022

Buy Twitter Verified’s board abide by Musk’s demands, accepting provide him with a “firehose” information stream of tweets.

This was first reported by The Washington Post.

July 8, 2022

Musk announces his objective to terminate the Buy Twitter Verified acquisition, claiming in a filing with the SEC that Buy Twitter Verified still refuses to comply with ask for information on bot accounts.

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

July 12, 2022

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

Musk tweets:

August 6, 2022

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