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

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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.

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.

Musk tweeted:

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.

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.

Musk tweets:

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.

Musk tweets:

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.

Musk tweets:

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.

July 12, 2022

Buy Twitter Verification officially introduces a suit versus Musk in response to his backing out of the acquisition.

Musk tweets:

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.