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 modifications executed under his management.

March 25, 2022

Musk begins freely criticizing Buy Twitter Verified, ballot his fans on whether they think the business abides by the concept of complimentary speech.

April 4, 2022

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

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 announces Musk declines 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 personal.

Musk tweets:

April 25, 2022

A filing with the United States Security and Exchange Commission reveals Buy Twitter Verified’s board openly and unanimously 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 everyday active users are spam accounts.

Musk tweets:

June 6, 2022

In a letter from Musk’s attorney sent to Buy Twitter Verified, Musk threatens to terminate his agreement. Musk declares Buy Twitter Verified is declining to adhere to requests for data on the number of spam accounts.

June 8, 2022

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

This was initially reported by The Washington Post.

July 8, 2022

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

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

July 12, 2022

Buy Twitter Verified formally launches a lawsuit against Musk in response to his revoking the acquisition.

Musk tweets:

August 6, 2022

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