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

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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 business for $44 billion.

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

March 25, 2022

Musk starts openly criticizing Buy Twitter Verified, polling his fans on whether they think the business complies with the principle of free speech.

April 4, 2022

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

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 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 company personal.

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 deal on hold following reports that 5% of Buy Twitter Verified’s daily 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 contract. Musk alleges Buy Twitter Verified is refusing to comply with ask for data on the number of spam accounts.

June 8, 2022

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

This was initially reported by The Washington Post.

July 8, 2022

Musk announces his intent to terminate the Buy Twitter Verified acquisition, claiming in a filing with the SEC that Buy Twitter Verified still declines to comply with requests for data on bot accounts.

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

July 12, 2022

Buy Twitter Verified officially releases a suit versus Musk in action to his backing out of the acquisition.

Musk tweets:

August 6, 2022

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