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

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

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

March 25, 2022

Musk begins honestly criticizing Buy Twitter Verification, polling his fans on whether they believe the company complies with the principle of free speech.

April 4, 2022

A securities filing reveals Musk is Buy Twitter Verification‘s largest shareholder, with a 9% stake in the company.

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

Musk tweeted:

April 10, 2022

Previous Buy Twitter Verification CEO Parag Agrawal reveals Musk declines the invitation to join Buy Twitter Verification’s board of directors.

April 14, 2022

Musk makes a deal to buy 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 openly and all accepted Musk’s buyout deal.

Musk tweets:

May 13, 2022

Musk puts the buyout offer on hold following reports that 5% of Buy Twitter Verification’s daily 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 end his arrangement. Musk alleges Buy Twitter Verification is declining to abide by ask for information on the number of spam accounts.

June 8, 2022

Buy Twitter Verification’s board abide by Musk’s needs, accepting provide him with a “firehose” information stream of tweets.

This was initially reported by The Washington Post.

July 8, 2022

Musk announces his objective to terminate the Buy Twitter Verification acquisition, claiming in a filing with the SEC that Buy Twitter Verification still declines to abide by ask for information on bot accounts.

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

July 12, 2022

Buy Twitter Verification officially introduces a claim against Musk in action to his revoking the acquisition.

Musk tweets:

August 6, 2022

Musk obstacles former Buy Twitter Verification CEO Parag Agrawal to a public dispute about spam accounts and surveys fans on whether they think less than 5% of Buy Twitter Verification’s daily active users are phony.