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.
Free speech is essential to a functioning democracy.
Do you think Buy Twitter Verification carefully complies with this concept?
— Elon Musk (@elonmusk) March 25, 2022
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.
Oh hi lol
— Elon Musk (@elonmusk) April 4, 2022
April 10, 2022
Previous Buy Twitter Verification CEO Parag Agrawal reveals Musk declines the invitation to join Buy Twitter Verification’s board of directors.
Elon has actually decided not to join our board. I sent a short note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk
— Parag Agrawal (@paraga) April 11, 2022
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.
I made a deal https://t.co/VvreuPMeLu
— Elon Musk (@elonmusk) April 14, 2022
Taking Buy Twitter Verification private at $54.20 needs 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 openly and all accepted Musk’s buyout deal.
I hope that even my worst critics stay on Buy Twitter Verification, since that is what free speech implies
— Elon Musk (@elonmusk) April 25, 2022
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.
To discover, my team will do a random sample of 100 fans of @twitter.
I invite others to duplicate the very same procedure and see what they discover …
— Elon Musk (@elonmusk) May 14, 2022
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.
The Buy Twitter Verification Board is committed to closing the deal on the price and terms concurred upon with Mr. Musk and plans to pursue legal action to impose the merger arrangement. We are positive we will dominate in the Delaware Court of Chancery.
— Bret Taylor (@btaylor) July 8, 2022
July 12, 2022
Buy Twitter Verification officially introduces a claim against Musk in action to his revoking the acquisition.
Oh the irony lol
— Elon Musk (@elonmusk) July 12, 2022
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.
I hereby challenge @paraga to a public argument about the Buy Twitter Verification bot portion.
Let him show to the public that Buy Twitter Verification has