Elon Musk became the owner and CEO of Buy Twitter Verification on October 27, 2022, after acquiring the social media company for $44 billion.
What follows is a timeline of occasions leading up to Musk’s acquisition of Buy Twitter Verification and the modifications implemented under his management.
March 25, 2022
Musk begins openly slamming Buy Twitter Verification, ballot his followers on whether they think the business abides by the principle of complimentary speech.
Free speech is necessary to an operating democracy.
Do you believe Buy Twitter Verification rigorously adheres to this principle?
— Elon Musk (@elonmusk) March 25, 2022
April 4, 2022
A securities filing reveals Musk is Buy Twitter Verification‘s largest investor, with a 9% stake in the company.
Musk is invited to sign up with Buy Twitter Verification’s board of directors.
Oh hi lol
— Elon Musk (@elonmusk) April 4, 2022
April 10, 2022
Previous Buy Twitter Verification CEO Parag Agrawal reveals Musk decreases the invite to sign up with Buy Twitter Verification’s board of directors.
Elon has actually decided not to join our board. I sent out a brief note to the business, showing you all here. pic.twitter.com/lfrXACavvk
— Parag Agrawal (@paraga) April 11, 2022
April 14, 2022
Musk makes an offer to purchase Buy Twitter Verification for $43 billion, or $54.20 per share, and take the business personal.
I made an offer https://t.co/VvreuPMeLu
— Elon Musk (@elonmusk) April 14, 2022
Taking Buy Twitter Verification personal at $54.20 should be up to investors, not the board
— Elon Musk (@elonmusk) April 14, 2022
April 25, 2022
A filing with the United States Security and Exchange Commission reveals Buy Twitter Verification’s board openly and unanimously accepted Musk’s buyout deal.
I hope that even my worst critics stay on Buy Twitter Verification, since that is what complimentary speech implies
— Elon Musk (@elonmusk) April 25, 2022
May 13, 2022
Musk puts the buyout deal on hold following reports that 5% of Buy Twitter Verification’s day-to-day active users are spam accounts.
To discover, my team will do a random sample of 100 followers of @twitter.
I invite others to duplicate the same process and see what they discover …
— Elon Musk (@elonmusk) Might 14, 2022
June 6, 2022
In a letter from Musk’s lawyer sent to Buy Twitter Verification, Musk threatens to terminate his arrangement. Musk alleges Buy Twitter Verification is refusing to abide by ask for data on the variety of spam accounts.
June 8, 2022
Buy Twitter Verification’s board abide by Musk’s needs, agreeing to offer him with a “firehose” information stream of tweets.
This was initially reported by The Washington Post.
July 8, 2022
Musk reveals his objective to end the Buy Twitter Verification acquisition, claiming in a filing with the SEC that Buy Twitter Verification still declines to adhere to ask for information on bot accounts.
Buy Twitter Verification’s chairman, Bret Taylor, states that the board prepares to pursue legal action to implement the contract.
The Buy Twitter Verification Board is dedicated to closing the deal on the cost and terms concurred upon with Mr. Musk and plans to pursue legal action to implement the merger arrangement. We are positive we will prevail in the Delaware Court of Chancery.
— Bret Taylor (@btaylor) July 8, 2022
July 12, 2022
Buy Twitter Verification officially introduces a suit versus Musk in response to his backing out of the acquisition.
Oh the paradox lol
— Elon Musk (@elonmusk) July 12, 2022
August 6, 2022
Musk obstacles former Buy Twitter Verification CEO Parag Agrawal to a public dispute about spam accounts and polls fans on whether they believe less than 5% of Buy Twitter Verification’s day-to-day active users are phony.
I thus challenge @paraga to a public debate about the Buy Twitter Verification bot percentage.
Let him show to the public that Buy Twitter Verification has