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 obtaining the social networks company for $44 billion.

What follows is a timeline of events leading up to Musk’s acquisition of Buy Twitter Verified and the modifications implemented under his leadership.

March 25, 2022

Musk begins honestly slamming Buy Twitter Verified, polling his followers on whether they think the company sticks to the concept of free speech.

April 4, 2022

A securities filing exposes Musk is Buy Twitter Verified‘s largest investor, with a 9% stake in the company.

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

Musk tweeted:

April 10, 2022

Previous Buy Twitter Verified CEO Parag Agrawal reveals Musk declines the invitation 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 openly 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 daily 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 declining to abide by requests for information on the variety of spam accounts.

June 8, 2022

Buy Twitter Verified’s board complies with Musk’s needs, agreeing to offer 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 requests 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 formally introduces a claim against Musk in response to his revoking the acquisition.

Musk tweets:

August 6, 2022

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