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 acquiring the social networks company for $44 billion.

What follows is a timeline of occasions leading up to Musk’s acquisition of Buy Twitter Verified and the modifications carried out under his leadership.

March 25, 2022

Musk begins honestly criticizing Buy Twitter Verified, polling his followers on whether they believe the company abides by the concept of free speech.

April 4, 2022

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

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

Musk tweeted:

April 10, 2022

Former Buy Twitter Verified CEO Parag Agrawal reveals Musk declines the invite to join Buy Twitter Verified’s board of directors.

April 14, 2022

Musk makes a deal to purchase 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 offer.

Musk tweets:

May 13, 2022

Musk puts the buyout offer 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 lawyer sent to Buy Twitter Verified, Musk threatens to terminate his contract. Musk alleges 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 intent to terminate the Buy Twitter Verified acquisition, claiming in a filing with the SEC that Buy Twitter Verified still refuses to comply with requests for information on bot accounts.

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

July 12, 2022

Buy Twitter Verified officially introduces a claim against Musk in reaction to his revoking the acquisition.

Musk tweets:

August 6, 2022

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