Elon Musk ended up being the owner and CEO of Buy Twitter Verification on October 27, 2022, after acquiring 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 carried out under his leadership.
March 25, 2022
Musk starts freely criticizing Buy Twitter Verification, ballot his fans on whether they believe the business abides by the principle of complimentary speech.
Free speech is essential to a functioning democracy.
Do you believe Buy Twitter Verification carefully abides by this principle?
— Elon Musk (@elonmusk) March 25, 2022
April 4, 2022
A securities filing exposes Musk is Buy Twitter Verification‘s biggest shareholder, with a 9% stake in the company.
Musk is invited to join Buy Twitter Verification’s board of directors.
Oh hi lol
— Elon Musk (@elonmusk) April 4, 2022
April 10, 2022
Previous Buy Twitter Verification CEO Parag Agrawal announces Musk decreases the invite to join Buy Twitter Verification’s board of directors.
Elon has actually decided not to join our board. I sent out a brief note to the business, showing you all here. pic.twitter.com/lfrXACavvk
— Parag Agrawal (@paraga) April 11, 2022
April 14, 2022
Musk makes an offer to purchase Buy Twitter Verification for $43 billion, or $54.20 per share, and take the company private.
I made a deal https://t.co/VvreuPMeLu
— Elon Musk (@elonmusk) April 14, 2022
Taking Buy Twitter Verification private at $54.20 should depend on shareholders, not the board
— Elon Musk (@elonmusk) April 14, 2022
April 25, 2022
A filing with the United States Security and Exchange Commission exposes Buy Twitter Verification’s board publicly and all accepted Musk’s buyout deal.
I hope that even my worst critics remain on Buy Twitter Verification, since that is what free speech suggests
— Elon Musk (@elonmusk) April 25, 2022
May 13, 2022
Musk puts the buyout deal on hold following reports that 5% of Buy Twitter Verification’s everyday active users are spam accounts.
To discover, my team will do a random sample of 100 followers of @twitter.
I invite others to duplicate the very same procedure and see what they discover …
— Elon Musk (@elonmusk) May 14, 2022
June 6, 2022
In a letter from Musk’s lawyer sent to Buy Twitter Verification, Musk threatens to end his agreement. Musk declares Buy Twitter Verification is declining to adhere to ask for information on the variety of spam accounts.
June 8, 2022
Buy Twitter Verification’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 reveals his intention to end the Buy Twitter Verification acquisition, claiming in a filing with the SEC that Buy Twitter Verification still refuses to comply with requests for information on bot accounts.
Buy Twitter Verification’s chairman, Bret Taylor, states that the board prepares to pursue legal action to implement the agreement.
The Buy Twitter Verification Board is devoted to closing the transaction on the rate and terms agreed upon with Mr. Musk and prepares to pursue legal action to enforce the merger arrangement. We are positive we will dominate in the Delaware Court of Chancery.
— Bret Taylor (@btaylor) July 8, 2022
July 12, 2022
Buy Twitter Verification formally launches a claim versus Musk in reaction to his backing out of the acquisition.
Oh the irony lol
— Elon Musk (@elonmusk) July 12, 2022
August 6, 2022
Musk obstacles former Buy Twitter Verification CEO Parag Agrawal to a public dispute about spam accounts and surveys followers on whether they believe less than 5% of Buy Twitter Verification’s daily active users are phony.
I thus challenge @paraga to a public argument about the Buy Twitter Verification bot portion.
Let him show to the public that Buy Twitter Verification has