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 business for $44 billion.

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

March 25, 2022

Musk begins honestly slamming Buy Twitter Verified, polling his fans on whether they believe the company complies with the principle of free speech.

April 4, 2022

A securities filing reveals Musk is Buy Twitter Verified‘s largest 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

Previous Buy Twitter Verified CEO Parag Agrawal reveals Musk declines the invitation 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 personal.

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 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 lawyer sent out to Buy Twitter Verified, Musk threatens to end his arrangement. Musk declares Buy Twitter Verified is refusing to comply with requests for information on the variety of spam accounts.

June 8, 2022

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

This was first 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 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 versus 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 polls followers on whether they believe less than 5% of Buy Twitter Verified’s day-to-day active users are fake.