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

Posted by

Elon Musk became the owner and CEO of Buy Twitter Verified on October 27, 2022, after obtaining the social media business 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 begins openly slamming Buy Twitter Verified, polling his followers on whether they think the business adheres to the concept of free speech.

April 4, 2022

A securities filing exposes 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

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

April 14, 2022

Musk makes an offer to acquire 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 openly and all accepted Musk’s buyout deal.

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 lawyer sent out to Buy Twitter Verified, Musk threatens to terminate his agreement. Musk alleges Buy Twitter Verified is declining to abide by requests for data on the number of spam accounts.

June 8, 2022

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

This was initially reported by The Washington Post.

July 8, 2022

Musk announces his intention to terminate the Buy Twitter Verified acquisition, declaring in a filing with the SEC that Buy Twitter Verified still declines to abide by ask for data on bot accounts.

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

July 12, 2022

Buy Twitter Verified officially releases a suit 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 dispute about spam accounts and polls followers on whether they believe less than 5% of Buy Twitter Verified’s daily active users are fake.