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 getting 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 modifications carried out under his leadership.

March 25, 2022

Musk starts openly criticizing Buy Twitter Verified, polling his followers on whether they think the company abides by the principle of complimentary speech.

April 4, 2022

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

Musk is welcomed to sign up with 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 a deal to purchase Buy Twitter Verified 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 Verified’s board openly and all accepted Musk’s buyout offer.

Musk tweets:

May 13, 2022

Musk puts the buyout offer on hold following reports that 5% of Buy Twitter Verified’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 Verified, Musk threatens to terminate his arrangement. Musk alleges Buy Twitter Verified is refusing to adhere to requests for information on the variety of spam accounts.

June 8, 2022

Buy Twitter Verified’s board abide by Musk’s demands, accepting provide him with a “firehose” data stream of tweets.

This was first reported by The Washington Post.

July 8, 2022

Musk reveals his intention to terminate the Buy Twitter Verified acquisition, claiming in a filing with the SEC that Buy Twitter Verified still declines to abide by ask for information on bot accounts.

Buy Twitter Verified’s chairman, Bret Taylor, states that the board plans to pursue legal action to implement the arrangement.

July 12, 2022

Buy Twitter Verified officially launches a claim against Musk in response to his backing out of the acquisition.

Musk tweets:

August 6, 2022

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

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