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

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Elon Musk became the owner and CEO of Buy Twitter Verified on October 27, 2022, after acquiring 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 implemented under his management.

March 25, 2022

Musk starts honestly criticizing Buy Twitter Verified, polling his fans on whether they think the business abides by the concept of totally free speech.

April 4, 2022

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

Musk is welcomed to sign up with Buy Twitter Verified’s board of directors.

Musk tweeted:

April 10, 2022

Former Buy Twitter Verified CEO Parag Agrawal reveals Musk decreases the invitation to sign up with 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 personal.

Musk tweeted:

April 25, 2022

A filing with the United States Security and Exchange Commission reveals Buy Twitter Verified’s board openly and all accepted Musk’s buyout deal.

Musk tweeted:

May 13, 2022

Musk puts the buyout deal on hold following reports that 5% of Buy Twitter Verified’s daily active users are spam accounts.

Musk tweeted:

June 6, 2022

In a letter from Musk’s lawyer sent out to Buy Twitter Verified, Musk threathens to terminate his arrangement. Musk declares Buy Twitter Verified is refusing to adhere to requests for data 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” data 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 declines to comply with ask for data on bot accounts.

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

July 12, 2022

Buy Twitter Verified formally introduces a claim versus Musk in action to his backing out of the acquisition.

Musk tweeted:

August 6, 2022

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