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 media company for $44 billion.

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

March 25, 2022

Musk begins freely slamming Buy Twitter Verified, ballot his followers on whether they believe the business sticks to the principle of free speech.

April 4, 2022

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

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

Musk tweeted:

April 10, 2022

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

April 14, 2022

Musk makes an offer to buy Buy Twitter Verified for $43 billion, or $54.20 per share, and take the business personal.

Musk tweets:

April 25, 2022

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

Musk tweets:

May 13, 2022

Musk puts the buyout offer 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 lawyer sent out to Buy Twitter Verified, Musk threatens to end his agreement. Musk alleges Buy Twitter Verified is refusing to abide by requests for information on the number of spam accounts.

June 8, 2022

Buy Twitter Verified’s board complies with Musk’s needs, consenting to provide him with a “firehose” data stream of tweets.

This was first reported by The Washington Post.

July 8, 2022

Musk reveals his objective to end the Buy Twitter Verified acquisition, claiming in a filing with the SEC that Buy Twitter Verified still declines to adhere to 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 contract.

July 12, 2022

Buy Twitter Verified formally introduces a lawsuit versus Musk in reaction to his backing out of 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 followers on whether they believe less than 5% of Buy Twitter Verified’s day-to-day active users are fake.