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 obtaining the social networks company for $44 billion.

What follows is a timeline of events leading up to Musk’s acquisition of Buy Twitter Verification and the modifications executed under his management.

March 25, 2022

Musk begins honestly criticizing Buy Twitter Verification, ballot his fans on whether they think the company sticks to the concept of free speech.

April 4, 2022

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

Musk is invited to sign up with Buy Twitter Verification’s board of directors.

Musk tweeted:

April 10, 2022

Former Buy Twitter Verification CEO Parag Agrawal reveals Musk decreases 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 business personal.

Musk tweets:

April 25, 2022

A filing with the United States Security and Exchange Commission exposes Buy Twitter Verification’s board publicly and all accepted Musk’s buyout offer.

Musk tweets:

May 13, 2022

Musk puts the buyout offer 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 terminate his agreement. Musk declares Buy Twitter Verification is declining to comply with requests for data on the number of spam accounts.

June 8, 2022

Buy Twitter Verification’s board abide by Musk’s demands, consenting to supply him with a “firehose” data stream of tweets.

This was initially reported by The Washington Post.

July 8, 2022

Musk reveals his intent to end the Buy Twitter Verification acquisition, declaring in a filing with the SEC that Buy Twitter Verification still declines to adhere to ask for data on bot accounts.

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

July 12, 2022

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

Musk tweets:

August 6, 2022

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