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 getting the social media business for $44 billion.

What follows is a timeline of occasions leading up to Musk’s acquisition of Buy Twitter Verified and the changes implemented under his leadership.

March 25, 2022

Musk begins freely slamming Buy Twitter Verified, ballot his followers on whether they think the company sticks to the concept of complimentary speech.

April 4, 2022

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

Musk is welcomed to sign up with Buy Twitter Verified’s board of directors.

Musk tweeted:

April 10, 2022

Previous Buy Twitter Verified CEO Parag Agrawal announces Musk decreases the invitation to sign up with Buy Twitter Verified’s board of directors.

April 14, 2022

Musk makes a deal to purchase Buy Twitter Verified 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 reveals Buy Twitter Verified’s board publicly and unanimously 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 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 Verified, Musk threatens to terminate his contract. Musk alleges Buy Twitter Verified is declining to adhere to ask for data on the number of spam accounts.

June 8, 2022

Buy Twitter Verified’s board abide by Musk’s needs, accepting 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 Verified acquisition, declaring in a filing with the SEC that Buy Twitter Verified still refuses to adhere to requests for information on bot accounts.

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

July 12, 2022

Buy Twitter Verified formally introduces a suit against Musk in response to his revoking the acquisition.

Musk tweets:

August 6, 2022

Musk difficulties former Buy Twitter Verified CEO Parag Agrawal to a public dispute about spam accounts and surveys fans on whether they believe less than 5% of Buy Twitter Verified’s daily active users are fake.