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

Posted by

Elon Musk became the owner and CEO of Buy Twitter Verified on October 27, 2022, after getting 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 honestly slamming Buy Twitter Verified, polling his fans on whether they believe the company complies with the principle of complimentary speech.

April 4, 2022

A securities filing reveals Musk is Buy Twitter Verified‘s biggest 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 announces Musk decreases the invite to sign up with Buy Twitter Verified’s board of directors.

April 14, 2022

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

Musk tweets:

April 25, 2022

A filing with the United States Security and Exchange Commission exposes Buy Twitter Verified’s board openly 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 Verified’s day-to-day 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 contract. Musk alleges Buy Twitter Verified is declining to adhere to ask for data on the variety of spam accounts.

June 8, 2022

Buy Twitter Verified’s board complies with Musk’s needs, accepting offer him with a “firehose” information stream of tweets.

This was initially reported by The Washington Post.

July 8, 2022

Musk reveals his intention to end the Buy Twitter Verified acquisition, declaring in a filing with the SEC that Buy Twitter Verified still refuses to comply with ask for data on bot accounts.

Buy Twitter Verified’s chairman, Bret Taylor, states that the board prepares to pursue legal action to impose the agreement.

July 12, 2022

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

Musk tweets:

August 6, 2022

Musk obstacles previous Buy Twitter Verified CEO Parag Agrawal to a public dispute about spam accounts and polls fans on whether they believe less than 5% of Buy Twitter Verified’s day-to-day active users are fake.