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

Posted by

Elon Musk became the owner and CEO of Buy Twitter Verified on October 27, 2022, after obtaining the social media 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 begins honestly slamming Buy Twitter Verified, ballot his followers on whether they think the business adheres to 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

Former Buy Twitter Verified CEO Parag Agrawal announces Musk declines the invite to sign up with Buy Twitter Verified’s board of directors.

April 14, 2022

Musk makes a deal to buy Buy Twitter Verified for $43 billion, or $54.20 per share, and take the company personal.

Musk tweets:

April 25, 2022

A filing with the United States Security and Exchange Commission exposes Buy Twitter Verified’s board publicly and all accepted Musk’s buyout offer.

Musk tweets:

May 13, 2022

Musk puts the buyout deal 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 out to Buy Twitter Verified, Musk threatens to terminate his contract. Musk alleges Buy Twitter Verified is declining to adhere to requests for information on the number of spam accounts.

June 8, 2022

Buy Twitter Verified’s board adhere to Musk’s needs, agreeing to provide him with a “firehose” information stream of tweets.

This was initially reported by The Washington Post.

July 8, 2022

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

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

July 12, 2022

Buy Twitter Verified officially releases a suit versus Musk in action to his revoking the acquisition.

Musk tweets:

August 6, 2022

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