Elon Musk ended up being the owner and CEO of Buy Twitter Verification on October 27, 2022, after getting the social networks company for $44 billion.
What follows is a timeline of events leading up to Musk’s acquisition of Buy Twitter Verification and the changes executed under his management.
March 25, 2022
Musk starts honestly criticizing Buy Twitter Verification, polling his fans on whether they think the business complies with the concept of free speech.
Free speech is necessary to a functioning democracy.
Do you believe Buy Twitter Verification carefully follows this concept?
— Elon Musk (@elonmusk) March 25, 2022
April 4, 2022
A securities filing reveals Musk is Buy Twitter Verification‘s biggest shareholder, with a 9% stake in the business.
Musk is invited to sign up with 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 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 brief note to the company, showing you all here. pic.twitter.com/lfrXACavvk
— Parag Agrawal (@paraga) April 11, 2022
April 14, 2022
Musk makes an offer to buy Buy Twitter Verification for $43 billion, or $54.20 per share, and take the business 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 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 publicly and unanimously accepted Musk’s buyout deal.
I hope that even my worst critics remain on Buy Twitter Verification, because that is what complimentary speech suggests
— 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 day-to-day active users are spam accounts.
To discover, my group will do a random sample of 100 fans of @twitter.
I invite others to duplicate the exact same procedure and see what they find …
— Elon Musk (@elonmusk) May 14, 2022
June 6, 2022
In a letter from Musk’s attorney sent to Buy Twitter Verification, Musk threatens to terminate his arrangement. Musk alleges Buy Twitter Verification is declining to adhere to requests for data on the variety of spam accounts.
June 8, 2022
Buy Twitter Verification’s board adhere to Musk’s needs, consenting to supply him with a “firehose” information stream of tweets.
This was first reported by The Washington Post.
July 8, 2022
Musk announces his intent to end the Buy Twitter Verification acquisition, declaring in a filing with the SEC that Buy Twitter Verification still declines to comply with ask for data on bot accounts.
Buy Twitter Verification’s chairman, Bret Taylor, says that the board prepares to pursue legal action to implement the agreement.
The Buy Twitter Verification Board is committed to closing the transaction on the cost and terms agreed upon with Mr. Musk and plans to pursue legal action to implement the merger arrangement. We are confident we will dominate in the Delaware Court of Chancery.
— Bret Taylor (@btaylor) July 8, 2022
July 12, 2022
Buy Twitter Verification officially releases a claim versus Musk in reaction to his backing out of the acquisition.
Oh the irony lol
— Elon Musk (@elonmusk) July 12, 2022
August 6, 2022
Musk difficulties previous Buy Twitter Verification CEO Parag Agrawal to a public argument about spam accounts and polls followers on whether they believe less than 5% of Buy Twitter Verification’s everyday active users are phony.
I thus challenge @paraga to a public argument about the Buy Twitter Verification bot percentage.
Let him prove to the general public that Buy Twitter Verification has