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

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Elon Musk became the owner and CEO of Buy Twitter Verification 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 Verification and the changes executed under his management.

March 25, 2022

Musk starts freely slamming Buy Twitter Verification, polling his followers on whether they believe the business abides by the concept of complimentary speech.

April 4, 2022

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

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

Musk tweeted:

April 10, 2022

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

April 14, 2022

Musk makes an offer to purchase Buy Twitter Verification 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 Verification’s board openly 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 Verification’s everyday active users are spam accounts.

Musk tweets:

June 6, 2022

In a letter from Musk’s attorney sent out to Buy Twitter Verification, Musk threatens to end his agreement. Musk alleges Buy Twitter Verification is refusing to adhere to requests for data on the number of spam accounts.

June 8, 2022

Buy Twitter Verification’s board abide by Musk’s needs, accepting provide him with a “firehose” data stream of tweets.

This was initially reported by The Washington Post.

July 8, 2022

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

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

July 12, 2022

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

Musk tweets:

August 6, 2022

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