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

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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.

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.

Musk tweeted:

April 10, 2022

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

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.

Musk tweets:

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.

Musk tweets:

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.

Musk tweets:

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.

July 12, 2022

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

Musk tweets:

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.