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 obtaining the social media business for $44 billion.

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

March 25, 2022

Musk starts freely criticizing Buy Twitter Verification, ballot his followers on whether they think the company complies with the concept of free speech.

April 4, 2022

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

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

Musk tweeted:

April 10, 2022

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

April 14, 2022

Musk makes a deal to acquire Buy Twitter Verification for $43 billion, or $54.20 per share, and take the company private.

Musk tweets:

April 25, 2022

A filing with the United States Security and Exchange Commission reveals Buy Twitter Verification’s board publicly and all 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 to Buy Twitter Verification, Musk threatens to end his agreement. Musk declares Buy Twitter Verification is refusing to comply with ask for data on the variety of spam accounts.

June 8, 2022

Buy Twitter Verification’s board adhere to Musk’s demands, accepting supply him with a “firehose” data stream of tweets.

This was initially reported by The Washington Post.

July 8, 2022

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

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

July 12, 2022

Buy Twitter Verification formally launches a claim against Musk in response to his backing out of the acquisition.

Musk tweets:

August 6, 2022

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