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.
Free speech is essential to an operating democracy.
Do you think Buy Twitter Verification rigorously abides by this principle?
— Elon Musk (@elonmusk) March 25, 2022
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.
Oh hi lol
— Elon Musk (@elonmusk) April 4, 2022
April 10, 2022
Previous Buy Twitter Verification CEO Parag Agrawal announces Musk decreases the invite to join Buy Twitter Verification’s board of directors.
Elon has actually decided not to join our board. I sent out a short note to the business, sharing with you all here. pic.twitter.com/lfrXACavvk
— Parag Agrawal (@paraga) April 11, 2022
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.
I made an offer https://t.co/VvreuPMeLu
— Elon Musk (@elonmusk) April 14, 2022
Taking Buy Twitter Verification private at $54.20 needs to depend on shareholders, not the board
— Elon Musk (@elonmusk) April 14, 2022
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.
I hope that even my worst critics remain on Buy Twitter Verification, because that is what totally free speech implies
— Elon Musk (@elonmusk) April 25, 2022
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.
To find out, my team will do a random sample of 100 followers of @twitter.
I welcome others to duplicate the exact same procedure and see what they discover …
— Elon Musk (@elonmusk) Might 14, 2022
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.
The Buy Twitter Verification Board is committed to closing the deal on the price and terms agreed upon with Mr. Musk and prepares to pursue legal action to impose the merger agreement. We are positive we will prevail in the Delaware Court of Chancery.
— Bret Taylor (@btaylor) July 8, 2022
July 12, 2022
Buy Twitter Verification officially launches a lawsuit versus Musk in response to his revoking the acquisition.
Oh the irony lol
— Elon Musk (@elonmusk) July 12, 2022
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.
I hereby challenge @paraga to a public debate about the Buy Twitter Verification bot percentage.
Let him show to the general public that Buy Twitter Verification has