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

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Elon Musk became the owner and CEO of Buy Twitter Verified on October 27, 2022, after getting the social networks business 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 leadership.

March 25, 2022

Musk starts freely slamming Buy Twitter Verified, polling his fans on whether they believe the business sticks to the concept of 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 welcomed 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 decreases the invite to join Buy Twitter Verified’s board of directors.

April 14, 2022

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

Musk tweets:

April 25, 2022

A filing with the United States Security and Exchange Commission reveals Buy Twitter Verified’s board openly and unanimously 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 lawyer sent to Buy Twitter Verified, Musk threatens to terminate his agreement. Musk declares Buy Twitter Verified is declining to abide by ask for information on the variety of spam accounts.

June 8, 2022

Buy Twitter Verified’s board abide by Musk’s needs, agreeing to supply him with a “firehose” data stream of tweets.

This was initially reported by The Washington Post.

July 8, 2022

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

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

July 12, 2022

Buy Twitter Verified formally introduces a claim 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 polls fans on whether they think less than 5% of Buy Twitter Verified’s day-to-day active users are fake.