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

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Elon Musk became the owner and CEO of Buy Twitter Verified on October 27, 2022, after acquiring 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 implemented under his management.

March 25, 2022

Musk begins honestly slamming Buy Twitter Verified, ballot his fans on whether they believe the business sticks to the principle of free speech.

April 4, 2022

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

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

Musk tweeted:

April 10, 2022

Former Buy Twitter Verified CEO Parag Agrawal announces Musk declines the invitation to sign up with Buy Twitter Verified’s board of directors.

April 14, 2022

Musk makes a deal to buy 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 exposes Buy Twitter Verified’s board publicly and unanimously accepted Musk’s buyout offer.

Musk tweets:

May 13, 2022

Musk puts the buyout deal on hold following reports that 5% of Buy Twitter Verified’s day-to-day 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 end his arrangement. Musk declares Buy Twitter Verified is refusing to adhere to requests for information on the number of spam accounts.

June 8, 2022

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

This was first reported by The Washington Post.

July 8, 2022

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

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

July 12, 2022

Buy Twitter Verified officially launches a suit against Musk in reaction to his revoking the acquisition.

Musk tweets:

August 6, 2022

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