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

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Elon Musk ended up being the owner and CEO of Buy Twitter Verified on October 27, 2022, after acquiring the social networks business for $44 billion.

What follows is a timeline of occasions leading up to Musk’s acquisition of Buy Twitter Verified and the changes carried out under his leadership.

March 25, 2022

Musk starts freely slamming Buy Twitter Verified, polling his fans on whether they believe the company follows the principle of free speech.

April 4, 2022

A securities filing reveals Musk is Buy Twitter Verified‘s biggest shareholder, with a 9% stake in the company.

Musk is invited to join Buy Twitter Verified’s board of directors.

Musk tweeted:

April 10, 2022

Previous Buy Twitter Verified CEO Parag Agrawal announces Musk declines the invite to join Buy Twitter Verified’s board of directors.

April 14, 2022

Musk makes an offer to buy Buy Twitter Verified 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 Verified’s board publicly and unanimously accepted Musk’s buyout deal.

Musk tweets:

May 13, 2022

Musk puts the buyout offer on hold following reports that 5% of Buy Twitter Verified’s everyday active users are spam accounts.

Musk tweets:

June 6, 2022

In a letter from Musk’s lawyer sent out to Buy Twitter Verified, Musk threatens to end his agreement. Musk alleges Buy Twitter Verified is refusing to abide by requests for information on the number of spam accounts.

June 8, 2022

Buy Twitter Verified’s board complies with Musk’s demands, consenting to offer him with a “firehose” data stream of tweets.

This was first reported by The Washington Post.

July 8, 2022

Musk announces his intention to end the Buy Twitter Verified acquisition, declaring in a filing with the SEC that Buy Twitter Verified still refuses to comply with requests for information on bot accounts.

Buy Twitter Verified’s chairman, Bret Taylor, says that the board plans to pursue legal action to impose the contract.

July 12, 2022

Buy Twitter Verified formally launches a lawsuit versus Musk in reaction to his backing out of the acquisition.

Musk tweets:

August 6, 2022

Musk obstacles previous Buy Twitter Verified CEO Parag Agrawal to a public argument about spam accounts and surveys fans on whether they believe less than 5% of Buy Twitter Verified’s everyday active users are fake.