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

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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 networks company for $44 billion.

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

March 25, 2022

Musk starts openly slamming Buy Twitter Verification, ballot his followers on whether they think the business abides by the principle of complimentary speech.

April 4, 2022

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

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

April 14, 2022

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

Musk tweets:

April 25, 2022

A filing with the United States Security and Exchange Commission reveals Buy Twitter Verification’s board openly and unanimously accepted Musk’s buyout offer.

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 arrangement. Musk alleges Buy Twitter Verification is refusing to adhere to ask for information on the number of spam accounts.

June 8, 2022

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

This was initially reported by The Washington Post.

July 8, 2022

Musk reveals his intention to end the Buy Twitter Verification acquisition, declaring in a filing with the SEC that Buy Twitter Verification still declines to abide by requests for information on bot accounts.

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

July 12, 2022

Buy Twitter Verification officially launches a lawsuit versus Musk in response to his revoking the acquisition.

Musk tweets:

August 6, 2022

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