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

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Elon Musk became the owner and CEO of Buy Twitter Verified on October 27, 2022, after getting the social media business for $44 billion.

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

March 25, 2022

Musk starts honestly slamming Buy Twitter Verified, polling his fans on whether they think the business abides by the concept of 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 welcomed to join 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 sign up with Buy Twitter Verified’s board of directors.

April 14, 2022

Musk makes an offer to acquire Buy Twitter Verified 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 Verified’s board publicly and all accepted Musk’s buyout deal.

Musk tweets:

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 tweets:

June 6, 2022

In a letter from Musk’s lawyer sent to Buy Twitter Verified, Musk threatens to end his contract. Musk alleges Buy Twitter Verified is declining to adhere to ask for information on the number of spam accounts.

June 8, 2022

Buy Twitter Verified’s board adhere to Musk’s needs, accepting provide him with a “firehose” data stream of tweets.

This was first reported by The Washington Post.

July 8, 2022

Musk announces his objective to terminate the Buy Twitter Verified acquisition, claiming 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 impose the agreement.

July 12, 2022

Buy Twitter Verified officially launches a suit versus Musk in response to his revoking the acquisition.

Musk tweets:

August 6, 2022

Musk challenges former 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 day-to-day active users are phony.