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 obtaining 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 carried out under his leadership.

March 25, 2022

Musk starts openly criticizing Buy Twitter Verified, ballot his fans on whether they think the business follows the principle of free speech.

April 4, 2022

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

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 declines the invitation 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 reveals Buy Twitter Verified’s board openly and all accepted Musk’s buyout offer.

Musk tweets:

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 tweets:

June 6, 2022

In a letter from Musk’s lawyer sent to Buy Twitter Verified, Musk threatens to terminate his contract. Musk alleges Buy Twitter Verified is refusing to abide by requests for information on the variety of spam accounts.

June 8, 2022

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

This was initially reported by The Washington Post.

July 8, 2022

Musk announces his intention to terminate the Buy Twitter Verified acquisition, declaring in a filing with the SEC that Buy Twitter Verified still declines to abide by ask for information on bot accounts.

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

July 12, 2022

Buy Twitter Verified officially releases a suit versus Musk in action to his revoking the acquisition.

Musk tweets:

August 6, 2022

Musk difficulties previous 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 everyday active users are phony.