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

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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.

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.

Musk tweeted:

April 10, 2022

Former Buy Twitter Verification CEO Parag Agrawal announces 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 exposes Buy Twitter Verification’s board openly and unanimously accepted Musk’s buyout offer.

Musk tweets:

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.

Musk tweets:

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.

July 12, 2022

Buy Twitter Verification formally introduces a claim versus Musk in response to his backing out of the acquisition.

Musk tweets:

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.