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 getting the social media business for $44 billion.

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

March 25, 2022

Musk begins freely criticizing Buy Twitter Verified, ballot his followers on whether they think the company sticks to the concept of complimentary speech.

April 4, 2022

A securities filing reveals Musk is Buy Twitter Verified‘s biggest 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 announces Musk decreases the invite to join Buy Twitter Verified’s board of directors.

April 14, 2022

Musk makes an offer 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 openly and all accepted Musk’s buyout deal.

Musk tweets:

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 tweets:

June 6, 2022

In a letter from Musk’s attorney sent out to Buy Twitter Verified, Musk threatens to terminate his contract. Musk declares Buy Twitter Verified is refusing to abide by requests for data on the number of spam accounts.

June 8, 2022

Buy Twitter Verified’s board complies with Musk’s needs, accepting supply him with a “firehose” data stream of tweets.

This was initially reported by The Washington Post.

July 8, 2022

Musk reveals his objective to end the Buy Twitter Verified acquisition, claiming in a filing with the SEC that Buy Twitter Verified still declines to adhere to requests for data 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 formally launches a suit versus Musk in action 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 fans on whether they think less than 5% of Buy Twitter Verified’s daily active users are phony.