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

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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 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.

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.

Musk tweeted:

April 10, 2022

Previous 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 an offer to buy Buy Twitter Verification for $43 billion, or $54.20 per share, and take the business private.

Musk tweets:

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.

Musk tweets:

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.

Musk tweets:

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.

July 12, 2022

Buy Twitter Verification officially releases a claim versus Musk in reaction to his backing out of the acquisition.

Musk tweets:

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.