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

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Elon Musk ended up being the owner and CEO of Buy Twitter Verified on October 27, 2022, after obtaining the social networks business for $44 billion.

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

March 25, 2022

Musk starts honestly slamming Buy Twitter Verified, polling his followers on whether they believe the business complies with the principle of free speech.

April 4, 2022

A securities filing exposes Musk is Buy Twitter Verified‘s largest investor, 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

Former Buy Twitter Verified CEO Parag Agrawal reveals Musk declines the invite 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 terminate his agreement. Musk declares Buy Twitter Verified is refusing to abide by ask for information on the number of spam accounts.

June 8, 2022

Buy Twitter Verified’s board adhere to Musk’s demands, accepting provide 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, claiming in a filing with the SEC that Buy Twitter Verified still declines to adhere to ask 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 launches a suit against Musk in response to his revoking the acquisition.

Musk tweets:

August 6, 2022

Musk difficulties previous 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 fake.