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

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Elon Musk ended up being the owner and CEO of Buy Twitter Verified on October 27, 2022, after obtaining the social networks company for $44 billion.

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

March 25, 2022

Musk begins openly slamming Buy Twitter Verified, ballot his followers on whether they think the company follows the concept of free speech.

April 4, 2022

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

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

Musk tweeted:

April 10, 2022

Former Buy Twitter Verified CEO Parag Agrawal announces Musk declines 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 company personal.

Musk tweets:

April 25, 2022

A filing with the United States Security and Exchange Commission exposes Buy Twitter Verified’s board openly 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 daily active users are spam accounts.

Musk tweets:

June 6, 2022

In a letter from Musk’s attorney sent to Buy Twitter Verified, Musk threatens to end his arrangement. Musk declares Buy Twitter Verified is refusing to comply with requests for information on the variety of spam accounts.

June 8, 2022

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

This was first reported by The Washington Post.

July 8, 2022

Musk reveals his intention to end the Buy Twitter Verified acquisition, declaring in a filing with the SEC that Buy Twitter Verified still refuses to adhere to ask for information on bot accounts.

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

July 12, 2022

Buy Twitter Verified formally launches a lawsuit versus Musk in action to his revoking the acquisition.

Musk tweets:

August 6, 2022

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