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

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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 company for $44 billion.

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

March 25, 2022

Musk begins honestly criticizing Buy Twitter Verified, polling his followers on whether they think the business adheres to the concept of totally free speech.

April 4, 2022

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

Musk is invited to sign up with 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 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 business private.

Musk tweets:

April 25, 2022

A filing with the United States Security and Exchange Commission exposes Buy Twitter Verified’s board openly and unanimously 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 day-to-day 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 end his contract. Musk declares Buy Twitter Verified is refusing to adhere to ask for information on the number of spam accounts.

June 8, 2022

Buy Twitter Verified’s board complies with Musk’s demands, accepting provide him with a “firehose” data stream of tweets.

This was initially reported by The Washington Post.

July 8, 2022

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

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

July 12, 2022

Buy Twitter Verified officially launches a suit against Musk in response to his backing out of 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.