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.
Free speech is vital to a functioning democracy.
Do you think Buy Twitter Verification carefully abides by this concept?
— Elon Musk (@elonmusk) March 25, 2022
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.
Oh hi lol
— Elon Musk (@elonmusk) April 4, 2022
April 10, 2022
Former Buy Twitter Verification CEO Parag Agrawal reveals Musk decreases the invite to join Buy Twitter Verification’s board of directors.
Elon has chosen not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk
— Parag Agrawal (@paraga) April 11, 2022
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.
I made an offer https://t.co/VvreuPMeLu
— Elon Musk (@elonmusk) April 14, 2022
Taking Buy Twitter Verification personal at $54.20 ought to be up to shareholders, not the board
— Elon Musk (@elonmusk) April 14, 2022
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.
I hope that even my worst critics remain on Buy Twitter Verification, because that is what complimentary speech implies
— Elon Musk (@elonmusk) April 25, 2022
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.
To learn, my team will do a random sample of 100 fans of @twitter.
I invite others to repeat the same procedure and see what they find …
— Elon Musk (@elonmusk) Might 14, 2022
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.
The Buy Twitter Verification Board is devoted to closing the transaction on the price and terms agreed upon with Mr. Musk and prepares to pursue legal action to enforce the merger arrangement. We are confident we will prevail in the Delaware Court of Chancery.
— Bret Taylor (@btaylor) July 8, 2022
July 12, 2022
Buy Twitter Verification formally launches a lawsuit versus Musk in action to his backing out of the acquisition.
Oh the paradox lol
— Elon Musk (@elonmusk) July 12, 2022
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.
I thus challenge @paraga to a public dispute about the Buy Twitter Verification bot percentage.
Let him prove to the general public that Buy Twitter Verification has