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 media company for $44 billion.

What follows is a timeline of events leading up to Musk’s acquisition of Buy Twitter Verified and the changes implemented under his management.

March 25, 2022

Musk begins openly slamming Buy Twitter Verified, ballot his followers on whether they think the business follows the principle of free speech.

April 4, 2022

A securities filing exposes Musk is Buy Twitter Verified‘s biggest shareholder, with a 9% stake in the business.

Musk is invited to join Buy Twitter Verified’s board of directors.

Musk tweeted:

April 10, 2022

Former 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 purchase Buy Twitter Verified for $43 billion, or $54.20 per share, and take the company private.

Musk tweeted:

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 tweeted:

May 13, 2022

Musk puts the buyout deal on hold following reports that 5% of Buy Twitter Verified’s everyday active users are spam accounts.

Musk tweeted:

June 6, 2022

In a letter from Musk’s attorney sent out to Buy Twitter Verified, Musk threathens to end his arrangement. Musk alleges Buy Twitter Verified is refusing to comply with ask for information on the variety of spam accounts.

June 8, 2022

Buy Twitter Verified’s board abide by Musk’s demands, agreeing to offer 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, 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 prepares to pursue legal action to implement the agreement.

July 12, 2022

Buy Twitter Verified formally introduces a suit versus Musk in action to his revoking the acquisition.

Musk tweeted:

August 6, 2022

Musk difficulties former Buy Twitter Verified CEO Parag Agrawal to a public dispute about spam accounts and surveys followers on whether they believe less than 5% of Buy Twitter Verified’s everyday active users are fake.