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.
Free speech is vital to a functioning democracy.
Do you think Buy Twitter Verification rigorously adheres to this principle?
— Elon Musk (@elonmusk) March 25, 2022
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.
Oh hi lol
— Elon Musk (@elonmusk) April 4, 2022
April 10, 2022
Previous Buy Twitter Verification CEO Parag Agrawal announces Musk declines the invite to join Buy Twitter Verification’s board of directors.
Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk
— Parag Agrawal (@paraga) April 11, 2022
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.
I made an offer https://t.co/VvreuPMeLu
— Elon Musk (@elonmusk) April 14, 2022
Taking Buy Twitter Verification personal at $54.20 ought to be up to shareholders, not the board
— Elon Musk (@elonmusk) April 14, 2022
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.
I hope that even my worst critics remain on Buy Twitter Verification, since that is what complimentary speech implies
— Elon Musk (@elonmusk) April 25, 2022
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.
To discover, my group will do a random sample of 100 followers of @twitter.
I welcome others to duplicate the exact same procedure and see what they find …
— Elon Musk (@elonmusk) May 14, 2022
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.
The Buy Twitter Verification Board is dedicated to closing the transaction on the price and terms concurred upon with Mr. Musk and prepares to pursue legal action to implement the merger agreement. We are positive we will prevail in the Delaware Court of Chancery.
— Bret Taylor (@btaylor) July 8, 2022
July 12, 2022
Buy Twitter Verification officially releases a lawsuit versus Musk in action to his backing out of the acquisition.
Oh the paradox lol
— Elon Musk (@elonmusk) July 12, 2022
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.
I thus challenge @paraga to a public dispute about the Buy Twitter Verification bot portion.
Let him prove to the public that Buy Twitter Verification has