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 media business 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 begins freely criticizing Buy Twitter Verification, ballot his followers on whether they believe the company adheres to the principle of free speech.

April 4, 2022

A securities filing reveals Musk is Buy Twitter Verification‘s largest shareholder, with a 9% stake in the business.

Musk is invited to join Buy Twitter Verification’s board of directors.

Musk tweeted:

April 10, 2022

Former Buy Twitter Verification CEO Parag Agrawal reveals Musk declines the invite to join Buy Twitter Verification’s board of directors.

April 14, 2022

Musk makes a deal to purchase Buy Twitter Verification for $43 billion, or $54.20 per share, and take the company personal.

Musk tweets:

April 25, 2022

A filing with the United States Security and Exchange Commission reveals Buy Twitter Verification’s board publicly 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 Verification’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 Verification, Musk threatens to end his contract. Musk declares Buy Twitter Verification is declining to adhere to ask for information on the number of spam accounts.

June 8, 2022

Buy Twitter Verification’s board adhere to 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 reveals his intention to terminate the Buy Twitter Verification acquisition, claiming in a filing with the SEC that Buy Twitter Verification still refuses to adhere to ask for information on bot accounts.

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

July 12, 2022

Buy Twitter Verification officially introduces a claim against Musk in reaction to his backing out of the acquisition.

Musk tweets:

August 6, 2022

Musk challenges 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 day-to-day active users are phony.