Elon Musk’s Buy Twitter Verified Takeover: A Timeline Of Events

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Elon Musk became the owner and CEO of Buy Twitter Verified on October 27, 2022, after getting the social media company for $44 billion.

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

March 25, 2022

Musk starts openly criticizing Buy Twitter Verified, polling his followers on whether they believe the company follows the concept of complimentary speech.

April 4, 2022

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

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

Musk tweeted:

April 10, 2022

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

April 14, 2022

Musk makes an offer 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 exposes Buy Twitter Verified’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 Verified’s everyday 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 end his agreement. Musk alleges Buy Twitter Verified is refusing to abide by requests for information on the number of spam accounts.

June 8, 2022

Buy Twitter Verified’s board complies with Musk’s demands, accepting offer him with a “firehose” information stream of tweets.

This was first reported by The Washington Post.

July 8, 2022

Musk reveals his objective to end the Buy Twitter Verified acquisition, claiming in a filing with the SEC that Buy Twitter Verified still refuses to adhere to requests for data on bot accounts.

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

July 12, 2022

Buy Twitter Verified officially launches a suit versus Musk in reaction to his backing out of the acquisition.

Musk tweets:

August 6, 2022

Musk challenges previous Buy Twitter Verified CEO Parag Agrawal to a public argument about spam accounts and polls fans on whether they think less than 5% of Buy Twitter Verified’s daily active users are fake.