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 getting the social media company for $44 billion.

What follows is a timeline of events leading up to Musk’s acquisition of Buy Twitter Verification and the changes executed under his leadership.

March 25, 2022

Musk starts honestly criticizing Buy Twitter Verification, ballot his followers on whether they believe the company adheres to the concept of free speech.

April 4, 2022

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

Musk is welcomed to join Buy Twitter Verification’s board of directors.

Musk tweeted:

April 10, 2022

Previous Buy Twitter Verification CEO Parag Agrawal announces Musk declines the invite to join 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 company private.

Musk tweets:

April 25, 2022

A filing with the United States Security and Exchange Commission reveals Buy Twitter Verification’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 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 contract. Musk declares Buy Twitter Verification is declining to abide by requests for data on the number of spam accounts.

June 8, 2022

Buy Twitter Verification’s board adhere to Musk’s needs, consenting to supply him with a “firehose” information stream of tweets.

This was first reported by The Washington Post.

July 8, 2022

Musk reveals his intent to end the Buy Twitter Verification acquisition, declaring in a filing with the SEC that Buy Twitter Verification still refuses to adhere to requests for data on bot accounts.

Buy Twitter Verification’s chairman, Bret Taylor, states that the board prepares to pursue legal action to enforce the contract.

July 12, 2022

Buy Twitter Verification officially releases a lawsuit versus Musk in action to his backing out of the acquisition.

Musk tweets:

August 6, 2022

Musk obstacles previous Buy Twitter Verification CEO Parag Agrawal to a public argument about spam accounts and polls fans on whether they believe less than 5% of Buy Twitter Verification’s everyday active users are fake.