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

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

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

March 25, 2022

Musk starts freely slamming Buy Twitter Verification, ballot his fans on whether they think the company abides by the principle of totally free speech.

April 4, 2022

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

Musk is welcomed to join Buy Twitter Verification’s board of directors.

Musk tweeted:

April 10, 2022

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

April 14, 2022

Musk makes an offer to buy Buy Twitter Verification 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 Verification’s board openly and unanimously accepted Musk’s buyout deal.

Musk tweets:

May 13, 2022

Musk puts the buyout deal on hold following reports that 5% of Buy Twitter Verification’s everyday active users are spam accounts.

Musk tweets:

June 6, 2022

In a letter from Musk’s lawyer sent out to Buy Twitter Verification, Musk threatens to terminate his agreement. Musk alleges Buy Twitter Verification is refusing to adhere to requests for information on the number of spam accounts.

June 8, 2022

Buy Twitter Verification’s board abide by Musk’s needs, agreeing to supply him with a “firehose” information stream of tweets.

This was initially reported by The Washington Post.

July 8, 2022

Musk announces his intent to terminate the Buy Twitter Verification acquisition, declaring in a filing with the SEC that Buy Twitter Verification still declines to adhere to ask for information on bot accounts.

Buy Twitter Verification’s chairman, Bret Taylor, states that the board plans to pursue legal action to enforce the arrangement.

July 12, 2022

Buy Twitter Verification officially releases a claim versus Musk in action to his backing out of the acquisition.

Musk tweets:

August 6, 2022

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