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 events leading up to Musk’s acquisition of Buy Twitter Verified and the modifications carried out under his management.

March 25, 2022

Musk begins openly criticizing Buy Twitter Verified, polling his fans on whether they think the company complies with the concept of totally free speech.

April 4, 2022

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

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 announces Musk declines the invitation to join Buy Twitter Verified’s board of directors.

April 14, 2022

Musk makes a deal to acquire Buy Twitter Verified for $43 billion, or $54.20 per share, and take the company personal.

Musk tweets:

April 25, 2022

A filing with the United States Security and Exchange Commission reveals Buy Twitter Verified’s board openly and all accepted Musk’s buyout deal.

Musk tweets:

May 13, 2022

Musk puts the buyout offer 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 terminate his contract. 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 adhere to Musk’s demands, accepting supply him with a “firehose” data stream of tweets.

This was first reported by The Washington Post.

July 8, 2022

Musk reveals his intention to end the Buy Twitter Verified acquisition, declaring in a filing with the SEC that Buy Twitter Verified still declines to abide by ask for data on bot accounts.

Buy Twitter Verified’s chairman, Bret Taylor, states that the board plans to pursue legal action to implement the agreement.

July 12, 2022

Buy Twitter Verified formally launches a claim against Musk in response to his backing out of 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 believe less than 5% of Buy Twitter Verified’s everyday active users are phony.