Elon Musk ended up being 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 occasions leading up to Musk’s acquisition of Buy Twitter Verification and the changes implemented under his leadership.
March 25, 2022
Musk starts honestly criticizing Buy Twitter Verification, polling his fans on whether they think the business follows the principle of complimentary speech.
Free speech is essential to a functioning democracy.
Do you believe Buy Twitter Verification rigorously abides by this principle?
— Elon Musk (@elonmusk) March 25, 2022
April 4, 2022
A securities filing exposes Musk is Buy Twitter Verification‘s largest investor, with a 9% stake in the company.
Musk is welcomed to sign up with Buy Twitter Verification’s board of directors.
Oh hi lol
— Elon Musk (@elonmusk) April 4, 2022
April 10, 2022
Former Buy Twitter Verification CEO Parag Agrawal announces Musk declines the invitation to join Buy Twitter Verification’s board of directors.
Elon has actually chosen not to join our board. I sent out 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 personal at $54.20 ought to depend on investors, not the board
— Elon Musk (@elonmusk) April 14, 2022
April 25, 2022
A filing with the United States Security and Exchange Commission exposes Buy Twitter Verification’s board openly and unanimously accepted Musk’s buyout offer.
I hope that even my worst critics stay on Buy Twitter Verification, since that is what complimentary speech indicates
— 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 daily active users are spam accounts.
To learn, my team will do a random sample of 100 followers of @twitter.
I welcome others to duplicate the same process and see what they discover …
— Elon Musk (@elonmusk) Might 14, 2022
June 6, 2022
In a letter from Musk’s lawyer sent to Buy Twitter Verification, Musk threatens to end his agreement. Musk alleges Buy Twitter Verification is refusing to adhere to requests for information on the number of spam accounts.
June 8, 2022
Buy Twitter Verification’s board abide by Musk’s demands, accepting offer him with a “firehose” data stream of tweets.
This was first reported by The Washington Post.
July 8, 2022
Musk reveals his objective to terminate the Buy Twitter Verification acquisition, declaring in a filing with the SEC that Buy Twitter Verification still refuses to comply with requests for data on bot accounts.
Buy Twitter Verification’s chairman, Bret Taylor, says that the board prepares to pursue legal action to implement the arrangement.
The Buy Twitter Verification Board is committed to closing the transaction on the rate and terms agreed upon with Mr. Musk and plans to pursue legal action to implement the merger contract. We are positive we will dominate in the Delaware Court of Chancery.
— Bret Taylor (@btaylor) July 8, 2022
July 12, 2022
Buy Twitter Verification formally introduces a claim versus Musk in response to his backing out of the acquisition.
Oh the paradox lol
— Elon Musk (@elonmusk) July 12, 2022
August 6, 2022
Musk challenges previous Buy Twitter Verification CEO Parag Agrawal to a public dispute about spam accounts and surveys fans on whether they believe less than 5% of Buy Twitter Verification’s day-to-day active users are phony.
I thus challenge @paraga to a public debate about the Buy Twitter Verification bot percentage.
Let him prove to the general public that Buy Twitter Verification has